One name is missing at Davos, at least for the moment.
Ukrainian President Volodymyr Zelensky says that unless a much-heralded Prosperity Plan – valued at an eye-popping $800 billion – is agreed between the US, Europe and Ukraine, he would prefer to stay home and deal with his country’s acute power shortages.
In Kyiv alone, more than 1 million people are without electricity after the latest Russian airstrikes, Zelensky reported in his nightly address on Tuesday.
“Air defense missiles are needed daily. Weapons are needed daily. Equipment for recovery and reserves is needed daily. If the Davos format delivers this – real results for Ukraine – Ukraine will be represented there. No one needs empty politics or talks with no results,” Zelensky said.
The Prosperity Plan, which details the investment and reconstruction Ukraine will need once the war with Russia is over, has fallen victim to the crisis in US-Europe relations over US President Donald Trump’s demand for Greenland, the Financial Times reports. Efforts to finalizse post-war security guarantees for Ukraine in time for the Davos meeting also appear to have come up short.
Even though the Ukrainian leader made clear he would travel to Switzerland at short notice if agreements were reached, staying away avoids a potential clash over the US president’s “Board of Peace” initiative.
Speaking to reporters on Tuesday, Zelensky said it was hard to imagine joining such a body at present if the leaders of Russia and Belarus were also members.
“Russia is about a body of war,” he said.
Any agreements eventually reached between the US and Europe on post-war arrangements for Ukraine would still need Russian acceptance before they could come into effect.
Victoria Butenko in Kyiv contributed to this report
Zelensky staying in Kyiv as US-Europe crisis delays agreement over post-war Ukraine Egypt Independent.
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