For the first time since the collapse of the Soviet Union, Russian oligarchs and companies were not invited to Davos to attend the 2022 World Economic Forum (WEF) annual meeting.

  • Russia’s oligarchs are famous for throwing lavish parties at the World Economic Forum in Davos.
  • However, according to several reports, no Russian businessman or company was invited this year.
  • Ukrainian President Volodymyr Zelensky is due to deliver a virtual keynote on Monday.

Russia’s oligarchy and their lavish political parties will be markedly absent from the annual World Economic Forum (WEF) annual meeting in Davos this year as Putin enters the fourth month of Ukraine’s war.

None of the Russian officials, executives or companies were invited to the exclusive meeting starting on Monday. Meanwhile, a charity organization has transformed the on-site ‘Russian House’ into an exhibition titled ‘Russian War Crimes House’. Reuters report.

This is the first time since the collapse of the Soviet Union that Russians have been excluded from elite attendance at a conference. Bloomberg First reported. In 2020, Russians were the third most attended billionaires attended, according to the outlet.

WEF spokesperson Amanda Russo said: “We have no ties with any sanctioned individual and we have frozen all ties with Russian companies.” said Politico returned in March. WEF did not immediately respond to Insider’s request for further comment.

After two years of virtual events, the Congress of the world’s political and economic elite is attempting to reclaim its place in a post-epidemic, war-ravaged world. The boycott is far from the WEF’s response to Russia’s 2015 invasion of Crimea.

Russian tycoon Oleg Deripaska, currently under sanctions by the US, EU and UK, is famous for throwing lavish after-party at conferences. In 2018, the billionaire aluminum tycoon hosted a communion dinner with a performance by Spanish pop artist Enrique Iglesias. Two years ago, models disguised as flight attendants were spoon-feeding guests with caviar and vodka shots, according to a report from Politico.

Ukrainian officials quickly filled Russian positions in Davos as Ukrainian President Volodymyr Zelensky is scheduled to deliver a virtual keynote on Monday.

The World Economic Forum (WEF) condemned the Russian invasion of Ukraine in February and added that it would do its best to “help and actively support humanitarian and diplomatic efforts”.

“We hope that in the long run, reason will prevail and the space of bridge construction and reconciliation will once again appear.” statement It continues.

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