— This is the script of CNBC's news report for China's CCTV on July 5, Wednesday.
Despite the lack of confirmation from the White House on the details of Trump-Putin meeting on this upcoming Friday's G20 summit, the world remains highly anticipated for it.
Investigations by the U.S department of Justice on allegations of Russian's interference in the 2016 U.S President elections are currently underway. As Trump is embroiled in this controversy, the world keenly awaits his session with Putin and the kind of political that will be taking place.
Analysts have expressed that the mounting pressure that Trump faces back at home is likely to put him in an unfavorable position in this summit. Therefore, this leaves little room for discussion Russian's diplomatic policy. At this moment, impending important topics for discussion include the continuity of economic sanctions imposed by America on Russia, the Syrian issue and America's stance towards NATO.
It is unlikely that Trump's administration will lift Russian's economic sanctions. In fact, in June, the EU council announced to prolong Russian's economic sanctions till January next year. Therefore, during an interview with CNBC, an analyst expressed that Trump-Putin meeting will be more about politics than economics.
[FREDERIC NEUMANN, HSBC MD & Co-Head of Asian Economics Research] "Economically very little. The G20 is important because of trade probably. We have a lot of US decisions pending on steel, for example. So in this G20 leaders will look for reassurance in the US as to not drawing up the drawbridge. With Russia, its all about politics and not economics at the point."
Since the start of Trump's administration, relations between the Kremlin and White House have never been hopeful. As such, American EU's allies hope that Trump will take stern actions towards Russia and doing so will pacify these allies. Undoubtedly, the two leaders' expressions and demeanor will be under intense analysis and scrutiny, in hopes of understanding what the future has in store for America-Russian relations.