Donald Trump could completely cease support for Ukraine, including arms sales, if Europe responds with economic sanctions over Greenland. President Zelenskyy is concerned about the shift in focus away from Ukraine.
European opposition to Trump's attempts to acquire Greenland and his "Peace Council" initiative has derailed plans for economic support for Ukraine. The planned $800 billion package has been postponed due to disagreements between European capitals and Washington.
US President Donald Trump landed in Zurich almost two hours late due to a wiring problem on board Air Force One. He transferred to another plane and departed for Davos, where he will deliver a speech.
France has requested NATO exercises in Greenland, ready to contribute. This comes amid Trump's threats to annex the island.
Brent and WTI crude futures fell on Wednesday. This was due to an expected increase in US oil inventories, which outweighed a temporary production halt in Kazakhstan and threats of US tariffs over Greenland.
Donald Trump has heightened uncertainty about the acquisition of Greenland, stating that NATO would be pleased with his plan. He refused to give assurances about the stability of the transatlantic alliance.
Russian Foreign Minister Sergey Lavrov, during the World Economic Forum in Davos, rejected conditions for peace in Ukraine. The diplomat confirmed Russia's commitment to addressing the "root causes" of the war.
Lithuanian President Gitanas Nausėda stated that an agreement on sharing responsibility for security in the Arctic and North Atlantic could resolve the dispute between the US and Europe over Greenland. He emphasized that this dispute overshadows the war in Ukraine and benefits Russia.
A dispute over Greenland has pushed back plans for an understanding between the US, Ukraine, and European states in Davos. Plans to sign a document on Ukraine have been canceled, although meetings between Trump and Zelenskyy and European leaders are still likely.
Greenlandic Prime Minister Jens-Frederik Nielsen has called on the island's residents to prepare for a possible military conflict, which, although unlikely, cannot be ruled out. The government will establish a working group and provide recommendations, including a five-day supply of food.
Donald Trump proposed creating a "Peace Council" to replace the "ineffective" UN, inviting Putin to join it. This initiative is meeting with resistance from allies and disputes over its powers.
US President Donald Trump called on NATO countries to increase defense spending to 5% of GDP. He emphasized that the US bears an unfair financial burden within the Alliance.
At the World Economic Forum in Davos, European leaders protested against Trump's intentions to buy Greenland and his threats regarding tariffs. They emphasized their readiness to defend the EU's sovereignty, despite calls for restraint.
Red caps with ironic slogans parodying Donald Trump's catchphrase have become a symbol of protests in Greenland and Denmark against the potential purchase of Greenland by the United States. The accessories, created by a store in Copenhagen, sold by the thousands, uniting protesters.
Global gold prices exceeded $4700 per ounce, and silver reached $95. The increase is due to escalating geopolitical tensions and investor uncertainty.
Canadian Prime Minister Mark Carney stated in Davos that Russia poses an obvious, albeit potential, threat in the Arctic. He emphasized that Canada is expanding its navy and air force to defend against Russian threats.
US Treasury Secretary Scott Bessent stated that President Trump can impose 500% tariffs on countries buying Russian oil without Senate approval. He also highlighted Europe and China's purchases of Russian oil.
Finnish President Alexander Stubb has expressed a desire to meet with Donald Trump to discuss Greenland, proposing "sauna diplomacy. " Stubb is also concerned that attention to Greenland could distract from Ukraine.
China's Vice Premier He Lifeng stated in Davos that the world should not return to the "law of the jungle. " This comes amid Washington's intensified efforts regarding Greenland.
European countries, including Norway, Germany, Poland, and the Baltic states, are actively preparing for a potential war with Russia by increasing defense budgets and strengthening infrastructure. Some states, like Norway, are considering the possibility of confiscating civilian property for defense needs.
European Commission President Ursula von der Leyen declared the inviolability of Greenland's and Denmark's sovereignty. She emphasized the strengthening of security measures in the Arctic and the EU's readiness to cooperate with the US.
EU's top diplomat Kaja Kallas said that no country has the right to seize another's territory, comparing Trump to Putin. She added that Trump's threat to impose tariffs undermined the prosperity of the EU and the US.
A year has passed since the inauguration of Donald Trump, marked by a decrease in illegal immigration and the failure of his promise regarding the war in Ukraine. There were also conflicts with Elon Musk, the 'Epstein files' scandal, and tensions with European allies over Greenland.
Russian Foreign Minister Sergey Lavrov stated that the diplomatic conflict between the US and Europe over Greenland's sovereignty has exposed "crisis tendencies" within Western society. These disagreements jeopardize the continued existence of NATO as a cohesive alliance.
Volodymyr Zelenskyy stated that Danish Prime Minister Mette Frederiksen had not approached him with a request to send Ukrainian troops to Greenland. The President emphasized that all Ukrainian military personnel are at the front due to the war.
President Zelenskyy is concerned about the shift of focus from Ukraine due to events around Greenland. He emphasized that the only way to end the war is through pressure on Russia and strengthening Ukraine.
Ukrainian President Volodymyr Zelenskyy stated that he had not received an invitation to the G7 meeting in France. According to him, he is usually invited to such events where the topic of Ukraine is discussed.
US President Donald Trump, heading to Davos on Tuesday, plans to meet with Ukrainian President Volodymyr Zelensky. The American side does not expect breakthroughs from this meeting.
Donald Trump criticized the UK's decision to hand over the Chagos Islands to Mauritius, calling it a "great folly. " He linked it to ambitions for Greenland and called on Denmark to "do the right thing."
Donald Trump posted screenshots of text messages from Emmanuel Macron and Mark Rutte on the Truth Social network. The French President proposes a G7 meeting in Paris and expresses misunderstanding regarding Greenland. Macron also suggested inviting Ukrainians, Danes, Syrians, and Russians to participate.