Introduction: scepticism over Trump’s Greenland deal
Good morning from Davos, amid relief and scepticism that Donald Trump has reached a rather vague agreement with Nato over Greenland.
Hours after telling the World Economic Forum that he wouldn’t use force to seize the island from Denmark, Trump surprised us by declaring that “the framework of a future deal” on Greenland had been reached, after talks with Nato chief Mark Rutte.
With Trump lifting the threat to impose new tariffs on eight European countries, the crisis that was threatening to rupture the Nato military alliance may have eased.
But….leaving the forum last night, Rutte told the AFP newswire:
“I think it was a very good meeting tonight. But there’s still a lot of work to be done.”
The scepticism comes from the fact that Nato can’t negotiate the ownership of a country’s territory.
Trump was somewhat vague about exactly was agreed last night, telling CNBC:
“Well it’s a little bit complex but we’ll explain it down the line – but the secretary general of Nato and I and some other people were talking and it’s the kind of deal that I wanted to be able to make.”
A ‘deal’ over Greenland could allow European leaders to refocus on ending the Russia-Ukraine war, which is approaching its fifth year.
Yesterday, Rutte told Davos that focusing on Ukraine should be “our number 1 priority”.
We should hear more from the Nato chief shortly – I’m at a breakfast event organised by the Victor Pinchuk Foundation and EastOne here in Davos.
The agenda
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7.30am Davos / 6.30am GMT: Ukrainian breakfast discussion, with Nato secretary-general Mark Rutte, Edgars Rinkevics, President of Latvia; Alexander Stubb, president of Finland; Dick Schoof, PM of the Netherlands, Andrej Plenković, PM of Croatia, and Larry Fink of Blackrock
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8.30am Davos / 7.30am GMT: Conversation with Gavin Newsom, Governor of California
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9am Davos / 8am GMT: Conversation with Isaac Herzog, president of Israel
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9.30am Davos / 8.30am GMT: Special Address by Friedrich Merz, chancellor of Germany
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10.30am Davos / 9.30am GMT: Conversation with Kyriakos Mitsotakis, prime minister of Greece
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1.30pm Davos / 12.30pm GMT: Session on Venezuela: What Next?
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2pm Davos / 1pm GMT: Special Address by Prabowo Subianto, president of Indonesia
Key events
Alexander Stubb, president of Finland, tells the Davos Ukraine breakfast that he believes Ukraine, the US and Europe will agree a “good package” to create a lasting peace.
But, he isn’t convinced that Russia will approve it – that’s his worry, and he agrees with Nato chief Rutte that support for Ukraine must continue.
Stubb points out that Finland, a new Nato member, can do a lot on arctic security.
He then outlines how Russian president Putin has failed in each and everyone of his strategic aims.
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He wanted to take over Ukraine and make it Russian. He won’t, Stubb insists, predicting that Ukraine will become a member of the European Union.
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He wanted to prevent the expansion of Nato – instead got two substantive military powers in the alliance, and doubled his border with the alliance
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He wanted to project power in the region – look what’s going in central Asia, the southern Caucasus, Iran and Venezuela. “It’s not exactly a success story from the perspective of the Kremlin”.
Stubb also fundamentally disagrees that Russia is winning the war, as it is losing 1,000 soldiers per day, and its economy is suffering, with high inflation and high interest rates.
Fink: Capital wants ‘fair and just’ return from Ukraine
Larry Fink tells Davos that we are meeting at a moment when Ukrain’s resilience is no longer in question.
The question before us is how the resilience translates into renewal, and how the international community can support a pathway to lasting peace, Fink adds.
Capital follows opportunity, points out the Blackrock chief.
Governments lead on peace and security, the private sector follows once those conditions are in place.
Ukraine’s future depends on whether it can establish economic direction – strong governance, absolute transparent, and a reform framework. That will allow it to attract long-term capital, which seeks returns that are “fair and just”, he outlines.
Fink, a co-chair of this year’s WEF annual meeting, says sovereign wealth funds, pension funds, and insurance companies are “ready to be here” to help.
Victor Pinchuk, the Ukrainian billionaire and philanthropist sponsering this morning’s event, tells delegates here that Ukrainians’ main hope is for a “just and secure peace”.
But our enemy doesn’t want to make peace – we must get them to suspend the war and make peace, and for that we must crush their hope that they can win, Pinchuk added.
Rutte: Must keep military support flowing to Ukraine
Mark Rutte adds that “our main adversary is Russia” – a reminder not to be distracted by the row over Greenland.
And that means Ukraine must be given the military assistance it needs – such as interceptors to repel attacks from Russia.
We have to keep the flow of military support going, and don’t lose sight of this issue, Rutte insists.
Rutte adds that he hopes peace talks will conclude soon, but that probably won’t happen until April or May – in the meantime, cities such as Kyiv, Kharkiv and Lviv, and smaller cities, are being attacked.
We know that the water supply, and the electricity supply, is being brought down by the conflict, he adds.
Rutte: I’ve never doubted US support on Ukraine
The United States is ‘truly committed’ to supporting Ukraine’s independence and sovereignty, Nato chief Mark Rutte believes.
Rutte is telling attendees at a breakfast event organised by the Victor Pinchuk Foundation and EastOne here in Davos that Donald Trump and his team are pushing to bring the war to an end, to a position where Russia will “never, ever” try to attack again.
Asked if the Trump administration is ‘truly committed’ to supporting Ukraine, and its independence and security,
Rutte replies:
Absolutely, the answer is yes, and I’ve never doubed this.
Introduction: scepticism over Trump’s Greenland deal
Good morning from Davos, amid relief and scepticism that Donald Trump has reached a rather vague agreement with Nato over Greenland.
Hours after telling the World Economic Forum that he wouldn’t use force to seize the island from Denmark, Trump surprised us by declaring that “the framework of a future deal” on Greenland had been reached, after talks with Nato chief Mark Rutte.
With Trump lifting the threat to impose new tariffs on eight European countries, the crisis that was threatening to rupture the Nato military alliance may have eased.
But….leaving the forum last night, Rutte told the AFP newswire:
“I think it was a very good meeting tonight. But there’s still a lot of work to be done.”
The scepticism comes from the fact that Nato can’t negotiate the ownership of a country’s territory.
Trump was somewhat vague about exactly was agreed last night, telling CNBC:
“Well it’s a little bit complex but we’ll explain it down the line – but the secretary general of Nato and I and some other people were talking and it’s the kind of deal that I wanted to be able to make.”
A ‘deal’ over Greenland could allow European leaders to refocus on ending the Russia-Ukraine war, which is approaching its fifth year.
Yesterday, Rutte told Davos that focusing on Ukraine should be “our number 1 priority”.
We should hear more from the Nato chief shortly – I’m at a breakfast event organised by the Victor Pinchuk Foundation and EastOne here in Davos.
The agenda
-
7.30am Davos / 6.30am GMT: Ukrainian breakfast discussion, with Nato secretary-general Mark Rutte, Edgars Rinkevics, President of Latvia; Alexander Stubb, president of Finland; Dick Schoof, PM of the Netherlands, Andrej Plenković, PM of Croatia, and Larry Fink of Blackrock
-
8.30am Davos / 7.30am GMT: Conversation with Gavin Newsom, Governor of California
-
9am Davos / 8am GMT: Conversation with Isaac Herzog, president of Israel
-
9.30am Davos / 8.30am GMT: Special Address by Friedrich Merz, chancellor of Germany
-
10.30am Davos / 9.30am GMT: Conversation with Kyriakos Mitsotakis, prime minister of Greece
-
1.30pm Davos / 12.30pm GMT: Session on Venezuela: What Next?
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2pm Davos / 1pm GMT: Special Address by Prabowo Subianto, president of Indonesia
