World Economic Forum Freezes ‘All Relations’ With Russia, Putin

The controversial World Economic Forum (WEF) announced it has frozen “all relations” with the Russian government and President Vladimir Putin due to the invasion of Ukraine. “We are not engaging with any sanctioned individual and have frozen all relations with Russian entities,” Amanda Russo, a spokesperson for the Davos, Switzerland-based group, told Politico this week. The development comes as the United States, European Union, Canada, and several other countries placed heavy sanctions on Russia’s banking sector, Russian oligarchs, and Putin himself. A swath of Western-based corporations also said they will not do business inside the country anymore, citing the conflict. The World Economic Forum, led by chairman Klaus Schwab, has had close ties with Russia in the past. Putin has addressed the Davos forum several times over the years. During an early 2021 virtual World Economic Forum meeting, amid the COVID-19 pandemic, Putin warned of a war of “all against all.” …

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