Ukraine’s Zelenskyy calls for more sanctions in Russia during address to business leaders at Davos

Ukrainian President Volodymyr Zelenskyy told a meeting of global business leaders at Davos ​on Monday that the world ​has faced a turning point and had to ratchet up sanctions against Russia as a warning to other countries considering using brute force.

His speech kicked off the four-day World Economic Forum that gathers some 2,000 business and economic leaders as well as experts, with Ukraine​ topping ​this year's agenda.

Zelenskyy urged countries to put more pressure on Moscow and ​urged them ​to impose further sanctions.

He demanded an oil embargo, the blockage of all Russian banks and a termination of all trade. Foreign businesses should withdraw completely from Russia, and the Russian IT industry should be cut off from the ​west, Zelenskyy said.

The sanctions must set a precedent, deterring any other aggressors in the decades to come, he said, adding Russia ha​s brought on its own decline.

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