Ukrainian President Volodymyr Zelenskyy has again called for tougher sanctions against Russia. The maximum has not yet been reached, he said at the start of the World Economic Forum in Davos via video link. An oil embargo is necessary and all Russian banks must be sanctioned. In addition, trade with Russia must be stopped completely. The world must set a “precedent”.

Zelenskyy said his country had slowed Russian advances and that his people’s courage had brought about unprecedented unity in the democratic world. He urged a complete withdrawal of foreign companies from Russia to prevent support for the Russian war against Ukraine.

After a break of more than two years due to the pandemic, the World Economic Forum (WEF) has been taking place again in Davos, Switzerland, since Sunday. The agenda of the meeting of the global political and business elite, which this year has the motto “History at a turning point”, is dominated by the consequences of the Russian war of aggression against Ukraine.

Around 50 heads of state and government and 2,500 delegates from business, civil society and science are expected to attend the meeting, which will last until Thursday. The guests also include Chancellor Olaf Scholz (SPD), who will give a speech on Thursday, EU Commission President Ursula von der Leyen, NATO Secretary General Jens Stoltenberg and US Special Envoy for Climate Issues, John Kerry.

The WEF last took place on site in Davos in January 2020 and thus before the outbreak of the global corona pandemic – the most prominent guests at the time included US President Donald Trump and climate protection activist Greta Thunberg.