Contents tagged with Davos

  • Kremlin preparing for secret negotiations to sell off Russian state companies abroad

    The Russian government is preparing to privatize a number of state companies, Russian Minister of Economic Development Maxim Oreshkin announced at the World Economic Forum in Davos.

    The negotiations with foreign investors will be closed off to the public.

    “We are working on a number of deals, working in a closed format,” TASS cites Oreshkin as saying. “When you prepare a deal, it doesn’t have to be public, we don’t need to discuss who we are negotiating with. There are a number of assets …

  • Russia threatens to boycott Davos

    On Tuesday, during his visit to Italy, Russia’s Prime Minister Dmitry Medvedev announced that Russia would boycott the World Economic Forum in Davos, if the head of VTB, Andrey Kostin, co-owner of Rusal, Oleg Deripaska, and the main shareholder of the Renova group, Viktor Vekselberg, are not allowed to come to the conference.

    The Davos forum leadership’s decision, requesting Russians that are under the sanctions not to come to the conference is "very strange," said Medvedev.

    “If these …

  • Three Russian oligarchs asked to stay away from Davos

    VTB Bank CEO Andrey Kostin, Rusal co-owner Oleg Deripaska and Renova Group major shareholder Viktor Vekselberg will not be allowed to attend the World Economic Forum in Davos this year.

    All three of the Russian oligarchs, who are under personal US sanctions, were contacted by the forum’s management and asked not to come to the town in eastern Switzerland where officials and representatives of the largest companies in the world have been gathering since 1971.

    Last year, Vekselberg, Kostin and …

  • Russian press in Davos asks Poroshenko about 'law on war'

    On January 24 at the World Economic Forum in Swiss Davos, a Russian journalist provoked Ukrainian President Petro Poroshenko.

    A journalist wearing a Vyshyvanka (a traditional Ukrainian embroidered shirt) without distinguishing marks asked Poroshenko in Russian: “Why did you adopt the law on war?”

    The Ukrainian president reacted to her embroidered shirt and advised her to “take off the Vyshyvanka”. He also said that he will respond to the question if it is asked in the Ukrainian language. The …

  • Mayor of Kyiv: Starbucks considers entering the Ukrainian market

    Starbucks, an American coffee company and coffeehouse chain is considering entering the Ukrainian market, as Mayor of Kyiv, Vitali Klitschko, said speaking at the Ukraine house in Davos on Wednesday.  

    He assured that he will do his best to ensure that the American coffeehouse chain can enter Ukraine.  

    The first-ever Ukraine House in Davos (Switzerland) takes place alongside the WEF's Annual Meeting in January 2018. The Ukraine House will run a week-long venue under the theme: 'Ukraine: …

  • Ukrainian President is one of the top 10 richest speakers at Davos World Economic Forum this year

    President of Ukraine Petro Poroshenko was ranked ninth among the richest speakers at the annual meeting of the World Economic Forum at Davos. At the same time, US President Donald Trump became the sixth among the richest speakers of the forum, reports.

    The founder of Microsoft, Bill Gates topped the rating, followed by Jack Ma, founder of the Chinese wholesale giant Alibaba worth 47.2 billion dollars, and Ray Dalio, investor and hedge fund manager. Richard Liu, the founder of, …

  • Ukrainian President to meet with Donald Trump at World Economic Forum in Davos

    During a broadcast on the television channel Inter, Ukrainian Foreign Minister Pavlo Klimkin said that President Petro Poroshenko will meet with his American counterpart, Donald Trump, at the World Economic Forum in Davos.

     “Certainly, the President will speak with Trump,” said Klimkin, while speaking about the Ukrainian leader’s upcoming meetings at Davos.

    The minister specified the format that the meeting between the two presidents will take.

    “What can be said in a general meeting format? …

  • Poroshenko and Aliyev Agree On Trade Route to Bypass Russia

    At the World Economic Forum in Davos, Ukrainian President Petro Poroshenko and the President of Azerbaijan, Ilham Aliyev, agreed on the need to develop a transit route that bypasses Russia.

    The Presidents were pleased to learn about the successful departure of the first container train from Ilyichevsk that will follow the Ukraine-Georgia-Azerbaijan-Kazakhstan–China route. Poroshenko and Aliyev’s coordinated efforts need to work further in this direction, according to the press service of the …