Russian President Vladimir Putin has described US President Donald Trump’s threats of tariffs and sanctions against Russia as “smart and pragmatic.” Speaking to a Russian TV journalist on Jan. 24, Putin declared his openness to a meeting with Trump to address issues such as the war in Ukraine and the volatility of energy prices.

Russia is waiting for signals from Washington to commence highly anticipated peace negotiations to end the war with Ukraine.

Switzerland remains calm amid global panic over Trump’s executive orders. Swiss industries, including gold refining, brace for potential U.S. trade policies, while Trump’s economic agenda stirs global markets.

Catch up on Wednesday’s news, views and action from day three of the World Economic Forum in Davos, Switzerland.

NATO Secretary-General Mark Rutte has warned that a Russian victory over Ukraine would undermine the dissuasive force of the world's biggest military alliance and could cost trillions of dollars to restore the organization's credibility.

The offers from Bern and Belgrade come as US President-elect Donald Trump seeks to convince Russian President Vladimir Putin to end his war in Ukraine.View on euronews

US President Donald Trump’s virtual speech at WEF and more criticism against the grounded drones in Switzerland.

“Now the issue of extending sanctions is on the agenda, I have put on the handbrake and asked European leaders to understand that this cannot continue,” said Prime Minister Viktor Orbán, speaking to state broadcaster Kossuth Radio. “Hungary cannot be made to pay the price of sanctions in such proportions.”

NATO Secretary-General Mark Rutte warned that restoring the alliance's credibility after a Russian victory in Ukraine could require trillions of dollars.

NATO's Secretary-General Mark Rutte hailed newly inaugurated U.S. President Donald Trump's warning on Wednesday that Russia could expect more tariffs and sanctions if it did not end the war in Ukraine.

Kremlin spokesman Dmitry Peskov said that the issues for Russia in Ukraine were about national security, threats to Russians living there, and the refusal of the United States and Europe to listen to Russia's concerns.