- January 21, 2026
- 1:48 pm
- World News
January 21, 2026, the international agenda in Davos unexpectedly shifted. Instead of Ukraine and post-war recovery issues, the focus of discussions was the conflict between the European Union and U.S. President Donald Trump. The result — the disruption of a large-scale economic support package for Ukraine worth 800 billion dollars.
The agreements were being prepared as politically and financially unprecedented. But geopolitics once again intervened in the economy.
What exactly was planned to be signed
At the World Economic Forum in Davos this week, a tripartite agreement between Ukraine, the U.S., and European countries was supposed to be signed. The document, referred to in the corridors as the “prosperity plan,” envisaged the launch of a long-term aid package for the recovery of Ukraine’s economy after the war.
According to Financial Times, the program was estimated at approximately 800 billion dollars. The funds were intended for infrastructure, energy, industry, and institutional reforms.
Why the negotiations failed
The preparation of the agreement reached a deadlock due to the sharp reaction of European leaders to Donald Trump’s new initiatives. Two issues became stumbling blocks.
The first — the return of the topic of the possible acquisition of Greenland by the United States. For EU countries, this sounded like a direct challenge to existing international agreements and allied rules.
The second — the idea of creating a new global structure called the “Council of Peace,” which Trump promotes as an alternative to existing formats of international interaction.
As a result, attention in Davos shifted from Ukraine to the discussion of American territorial and institutional initiatives.
Atmosphere in Davos: “not the time for a show”
According to several diplomats, European leaders are not ready for public agreements with Trump at this time. One source directly noted that “no one wants to turn signing documents with Trump into a political show.”
This position effectively froze the process. The Ukrainian case, despite its strategic importance, became a hostage to a broader conflict between allies.
Absence of the U.S. and a worrying signal
An additional signal of the crisis was the absence of an American representative at a key meeting to agree on the text of the agreement. On Monday evening, the parties gathered for the final editing of the document, but the U.S. delegation did not attend the meeting.
In diplomatic circles, this is directly linked to the escalation of the dispute over Greenland and growing tensions between Washington and European capitals.
Ukraine’s position: a tough ultimatum
President of Ukraine Volodymyr Zelensky made it clear that his participation in Davos is not symbolic. He stated that he would attend the forum only if the documents are fully ready.
This concerns both bilateral agreements on security guarantees with the U.S. and the “prosperity plan” itself. Without signed and agreed texts, Zelensky’s visit loses its meaning.
What’s next
At the moment, the situation remains uncertain. The White House refrains from official comments, and European diplomats are in no hurry to predict the timing of returning to negotiations.
In fact, one of the largest economic support packages for Ukraine has been frozen not due to financial disagreements, but due to a political conflict within the Western camp.
This context today defines the discussion around Davos-2026 — and it is precisely this that all parties will need to consider in the coming weeks if the conversation about Ukraine’s recovery is indeed to move from words to decisions.
Material prepared for readers of NAnews — News of Israel | Nikk.Agency, where international politics is viewed through the prism of its real consequences, not declarations.
