Alexander Zemlianichenko, Pool / AP

German Chancellor Angela Merkel and Russian President Vladimir Putin faced off in a terse joint press conference in Sochi ahead of this summer's G-20 summit in Hamburg, per Bloomberg.

The big topics: Ukraine and Russia's election meddling.

The split on Ukraine: Putin called the 2014 Ukrainian revolution — that pushed Russia's annexation of Crimea — a "coup d'etat," while Merkel said that Ukraine's current government "came to power through democratic means."

Putin on U.S. election interference: "Just gossip…We never interfere in the political life of other countries."

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Data: Gavi, The Vaccine Alliance; Map: Naema Ahmed/Axios

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Why it matters: Assuming one or more vaccines ultimately gain approval, there will be a period of months or even years in which supply lags far behind global demand. The COVAX initiative is an attempt to ensure doses go where they're most needed, rather than simply to countries that can produce or buy them at scale.

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