While US President Donald Trump continues his push to acquire Greenlandâciting its mineral wealth and the "Golden Dome" security initiativeâPutin has stepped in with a historical perspective that treats the island like real estate.
đ° Putinâs "Alaska Comparison"
Putinâs logic relies on the 1867 Alaska Purchase, where Russia sold the territory to the US for $7.2 million.
Inflation Adjustment: Putin noted that $7.2 million in 1867 would be roughly $158 million in todayâs dollars.
The "Greenland Premium": Since Greenland is roughly 1.4 times larger than Alaska, Putin estimated its "fair market value" (based purely on land area and historical precedent) to be between $200 million and $250 million.
The Gold Standard: He added a caveatâif you adjusted based on the price of gold at the time of the Alaska sale, Greenlandâs price tag would soar toward $1 billion.
đ Geopolitical Context
"None of our business": By repeatedly stating that the issue is strictly between Washington and Copenhagen, Putin is distancing Russia from the friction within NATO.
Colonial Critique: Putin didn't miss the chance to take a jab at Europe, accusing Denmark of having treated Greenland "harshly, if not cruelly" as a colony in the past.
The 2026 Runway: These comments come as Trump has stepped back from tariff threats against European nations (announced at Davos earlier this week) in exchange for further talks on the Greenland "framework."
"If they did it back then [with Alaska], what's the problem now?" â Vladimir Putin, January 2026
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