Wall Street

Davos delegates discuss Ukraine, recovery and recession on day one

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DPA

Ukrainian President Volodymyr Zelensky called for “maximum” sanctions targeting Russia in his speech to open the World Economic Forum (WEF) in the Swiss mountain resort of Davos on Monday. Sanctions needed to include an embargo on Russian energy exports, he said at the annual gathering, where the economic impact of the war in Ukraine is set to top the agenda. Many countries have already banned the import of Russian fossil fuels, and though the European Union has managed to agree on a coal ban, member states are still struggling to find consensus on introducing an embargo on Russian oil. Zelens…

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