The president of the World Economic Forum, Børge Brende, called for a "Marshall Plan" for the reconstruction of Ukraine. "Even without a peace agreement, which is currently unlikely, we are obliged to start reconstruction work, at least in areas under Ukrainian control," Brende said.

Ukrainian President Volodymyr Zelensky will address the World Economic Forum in Davos. The military conflict in Ukraine is at the centre of the biggest economic event, bringing together state leaders from 50 countries in the Swiss resort. Among the 2,500 delegates, there will be no Russian representatives at either the political or economic level, Reuters reported.