Ukrainian President Volodymyr Zelenskyy called for 'maximum' sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Economic gathering in Davos.
Ukrainian President Volodymyr Zelenskyy called for "maximum" sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Economic gathering in Davos.
He also pushed for the complete withdrawal of foreign companies from Russia to prevent supporting its war and said Ukraine needs at least US$5 billion in funding per month."The amount of work is enormous: we have more than half a trillion of dollars in losses, tens of thousands of facilities were destroyed. We need to rebuild entire cities and industries," Zelenskyy said, coming days after the Group of Seven leading economies agreed to provide $19.8 billion in economic aid.
For the attendees, there's much to tackle amid soaring food and fuel prices, Russia's war in Ukraine, climate change, inequality and persistent health crises. But it's hard to predict if the high-minded discussions will yield substantial announcements that make headway on the world's most pressing challenges.
Ukraine, along with Russia, is a major exporter of wheat, barley and sunflower oil, and the interruption of those supplies is threatening food insecurity in countries in Africa, the Middle East and parts of Asia that rely on those affordable supplies. He warned that there are "49 million knocking on famine's door right now in 43 countries," including Yemen, Lebanon, Mali, Burkina Faso, Egypt, Congo, Guatemala and El Salvador.
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