Global oil prices rose on January 22 after Trump announced the cancellation of tariffs on European goods. Brent reached $65.33, WTI – $60.75 per barrel.
Donald Trump and Mark Rutte discussed Greenland; the plan involves respecting Danish sovereignty. The US will strengthen its military presence and deploy missile defense systems in the Arctic.
Global gold prices plummeted by 1. 1% after Trump's announcement of abandoning tariffs against the EU and reaching a "framework agreement" on Greenland. The decrease in geopolitical tension weakened investors' interest in safe-haven assets, leading to a drop in gold prices to $4783.27 per ounce.
US stock indices surged after Trump's announcement of a deal on Greenland, which averted the imposition of harsh tariffs on European goods. The S&P 500 index showed its largest one-day gain in two months.
Spain's Foreign Minister called on the EU to form a single armed force to deter external threats. This statement came amid discussions of Trump's threats regarding Greenland.
NATO Secretary General Mark Rutte stated that last December, Russia was losing about 1,000 servicemen killed daily. The total number of eliminated occupiers in December exceeded 30,000 people.
Italian Prime Minister Giorgia Meloni stated that the country will not immediately join Trump's "Peace Council" project. The reason is the inconsistency of certain provisions with Italian law and the need for parliamentary approval.
Putin announced his readiness to allocate $1 billion from frozen assets to the "Peace Council. " He also commented on the situation around Greenland and negotiations regarding Ukraine.
Donald Trump announced agreements with NATO Secretary General Mark Rutte regarding Greenland and the Arctic region. The US will not impose tariffs against European states.
The European Parliament has suspended work on a trade agreement with the United States. The reason for this was Donald Trump's statements regarding Greenland and threats to impose tariffs on European allies.
NATO Secretary General Mark Rutte stated that Russia's war against Ukraine remains Europe's key security concern. He called for not being distracted by other topics and to strengthen support for Kyiv.
US President Donald Trump said he would not use force against Greenland. He noted that the US only wants a "piece of ice" called Greenland.
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.