'It's an honor to be with you': Trump and Putin hold their first high-stakes meeting

President Donald Trump and Russian President Vladimir Putin met for the first time on Friday, as they gather with other world leaders at the G-20 summit in Hamburg, Germany.

"It's an honor to be with you," Trump said at the start of the bilateral sit-down. Putin replied that he was "delighted to meet" Trump, according to a translation.

The two presidents posed for photos before beginning the private meeting around 10 a.m. ET Friday. Joining them were US Secretary of State Rex Tillerson, Russian Foreign Minister Sergey Lavrov, and two translators.

Trump's official meeting with Putin will take place amid crumbling US-Russia relations. The president faces investigations by Congress and the FBI into Russian interference in the 2016 election and whether the Trump campaign played a role in it.

According to a pool report, Trump ignored a question about whether Trump planned to raise Russia's election meddling with Putin.

Putin and Trump met more informally on Friday, during which they were photographed and videotaped laughing and shaking hands.

Peter Jacobs contributed to this report.