As the World Economic Forum (WEF) convenes in Davos, Switzerland, from January 20 to 24, 2025, world leaders are actively discussing the ongoing challenges posed by Russia’s war in Ukraine.
The conflict has significantly reshaped global economic policies and international relations, with discussions focusing on its implications for the future.
During the forum, Ukrainian President Volodymyr Zelenskyy delivered a special address emphasizing the need for Europe to establish itself as a strong global player.
He urged European leaders to adopt a unified defense strategy and increase military expenditures to ensure regional security.
Europe must not afford to be second or third in line for its allies, Zelenskyy stated, highlighting the urgency of collective action in response to Russian aggression.
The war in Ukraine has been identified as a critical factor affecting global economic stability. Recent reports indicate that the conflict could wipe $2.8 trillion off the global economy, equivalent to the annual GDP of France.
Leaders at the WEF are exploring strategies to mitigate these economic impacts while addressing rising geopolitical tensions.
The discussions at Davos are not limited to economic concerns; they also encompass broader issues of global security. The Global Risks Report 2025 highlights state-based armed conflict as the top risk for the year, reflecting heightened concerns about ongoing conflicts and their interconnectedness. The report underscores the importance of international cooperation in addressing these challenges.
As world leaders gather to exchange ideas and formulate strategies, the focus remains on fostering collaboration to navigate an increasingly volatile global landscape. The outcomes of these discussions will likely influence international policies and alliances moving forward, particularly in light of the shifting dynamics resulting from Russia’s actions in Ukraine.
With over 3,000 attendees from more than 130 countries, including over 50 heads of state and government, the WEF serves as a platform for addressing urgent global issues and promoting collective solutions in a time of uncertainty.
As the forum progresses, leaders are expected to continue emphasizing the need for unity and resilience in facing both economic and security challenges on the world stage.