Global elites return to Davos under Ukraine storm

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DAVOS, SWITZERLAND - The Davos summit of global political and business elites returns Monday after a COVID-induced two-year break to face another momentous crisis: Russia's invasion of Ukraine.

DAVOS, SWITZERLAND - The Davos summit of global political and business elites returns Monday after a COVID-induced two-year break to face another momentous crisis: Russia's invasion of Ukraine.

A Davos forum took place virtually last year, with Russian President Vladimir Putin among the speakers. "The major request to the whole world here is: do not stop backing Ukraine," Ukrainian lawmaker Ivanna Klympush Tsintsadze told reporters on the eve of the summit."We actually need weapons more than we need anything else," she said.

"Russia's aggression on the country will be seen in future history books as the breakdown of the post-World War II and post-Cold War order," he said. Climate change and concerns about the economic recovery from the pandemic are also at the forefront of the Davos talks. By contrast, 573 new billionaires have emerged during the pandemic, or one every 30 hours, Oxfam said as it called for taxes on the rich.

 

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