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Zelensky curries Davos 'Enough business with Russia'

2022-05-23T17:35:07.947Z


'Maximum sanctions with oil embargo'. Germany agrees. Georgieva, is alarm for food price shock (ANSA)


Ukrainian President Volodymyr Zelensky speaking at the forum in Davos in Switzerland called for "maximum sanctions"

against Russia.

We need a

complete embargo on oil

, that "all Russian banks are excluded from global systems and that there is no trade with Russia", he specified in a video link.

"This is the moment when it is decided whether brute force will rule the world."

This was stated by Ukrainian President Volodymyr Zelensky speaking at the Forum in Davos.

"If that happens, it will no longer make sense to organize rallies like the one in Davos," he added.

Zelensky called for the complete withdrawal of all foreign countries from Russia, so that they are not used for the "bloodthirsty interests" of Moscow.

Then he invited the countries to rebuild.

"We offer the world the opportunity to set a precedent for what is happening when trying to destroy a neighboring" country "." I invite you to take part in this rebuilding ",

he precised.

"We need to unblock our seaports. We must use all diplomatic channels, because alone we cannot fight against Russia".

This was stated by Ukrainian President Volodymyr Zelensky speaking in Davos for the World Economic Forum.

"We speak to the European Commission, the United Kingdom, Switzerland, Poland, and the UN and ask them to take measures for a

corridor for the export of our wheat and cereals - he added -, otherwise the shortage will have effects on the world and there will be an extension of the energy crisis ".

"I am grateful to the world, do not lose this feeling of unity, it is the sign of the strength that the Russians fear," said the Ukrainian president.

"I hope that each of you will be able to wake up in the morning wondering: what can I do for Ukraine today?", He added.



"

Germany is ready

to move forward on Russia's oil embargo, even without Hungary."

German Economy Minister Robert Habeck said at the World Economic Forum in Davos, saying he was "disappointed" that it is taking so long for a European agreement.

Habeck also focused on the global economic prospects, explaining that without facing the challenge posed by high inflation, the energy crisis, the food problems linked to the war "

The "food price shock" is particularly at the heart of concerns about the global growth prospects.

This was stated by the director general of the IMF, Kristalina Georgieva, recalling that if energy prices have seen a correction, food prices "continue to rise, rise, rise".

Speaking at a panel of the World Economic Forum on global economic prospects, Georgieva insisted that the IMF does not expect - but does not even exclude - the possibility of a global recession: "not at this moment, but it does not mean that it can be ruled out. I remember that we lowered the growth prospects in April for 143 countries, 87% of GDP ".



The International Monetary Fund may have to cut global growth estimates again.

The director Kristalina Georgieva anticipated this in a Bloomberg interview on the sidelines of the World Economic Forum.

"First: tightening of financial conditions. Second, appreciation of the dollar. Third, slowdown in growth in China. All this means that a future deterioration is not to be ruled out," said Georgieva.

On the increase in interest rates by the ECB "the agreement is practically done, because there is growing consensus" and there is the determination to bring inflation back to 2%.

But "I wouldn't be too fixated on what the ECB will do in July or August, the important thing is that we have a roadmap".

Francois Villeroy de Galhau said it,

Source: ansa

All life articles on 2022-05-23

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