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☆ European stocks head for flat to lower open as markets ponder Fed Powell's comments
▼ + stars: | 2024-02-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a flat to lower open Monday as investors digested the latest comments from U.S. Federal Reserve Chairman Jerome Powell. In an interview with CBS' "60 Minutes" on Sunday, Powell said the central bank would likely move at a considerably slower pace on rate cuts than the market expects. Asia markets kickstarted their week largely lower after Powell's comments. U.S. stock futures were flat on Sunday evening as Wall Street looks to build on another positive trading week.

Persons: Jerome Powell, Powell Organizations: U.S . Federal, CBS Locations: U.S, Asia

☆ Ukraine war live updates: Kremlin dismisses threat from anti-war election hopeful; Zelenskyy visits front-line war hot spot
▼ + stars: | 2024-02-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

As part of the Western Balkans block waiting for EU-membership, Serbia is caught in a geostrategic rivalry between its Western allies and Russia. Russia's full-scale invasion of Ukraine brought fresh political momentum to the European Union and its plans for enlargement in the Western Balkans. "I see the European Union more ready for the Balkans than the Balkans for the European Union," Miroslav Lajčák, EU Special Representative for the Belgrade-Pristina Dialogue and Western Balkans, told CNBC last month. Within days of Russia's invasion, Ukraine, neighboring Moldova and, soon after, nearby Georgia applied for EU candidate status — which they were granted in quick succession. "Now, it's very clear that the European Union is serious."

Persons: Russia's, —, Miroslav Lajčák, Lajčák, — Karen Gilchrist Organizations: EU, European Union, Belgrade, Pristina, CNBC, European Locations: Ukraine, Belgrade, Serbia, Balkans, Russia, Western Balkans, European, Albania, Bosnia, Herzegovina, North Macedonia, Montenegro, Kosovo, Europe, Yugoslavia, Moldova, Georgia, European Union

☆ Russian war critic poses an awkward challenge for Putin and the Kremlin as the election nears
▼ + stars: | 2024-02-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

The Kremlin has sought to dismiss Nadezhdin's potential to upset an election whose win for Putin is seen as a done deal. Kremlin Press Secretary Dmitry Peskov told CNBC Thursday that "we are not inclined to exaggerate the level of support for Mr. However, Nadezhdin's recent growing popularity and prominence has changed that, political analysts say, and he now poses a challenge and a dilemma for the Kremlin as the election nears. Nadezhdin has said in interviews that he would end the war with Ukraine, describing the war as a "fatal mistake." Stanovaya believed it was likely that the CEC would not recognize a portion of the signatures that Nadezhdin has garnered.

Persons: Boris Nadezhdin, Vera Savina, Vladimir Putin's, Nadezhdin, Putin, Dmitry Peskov, isn't, Putin's, Tatiana Stanovaya, he's, Stanovaya, András, Czifra, Peskov Organizations: Civic Initiative, Central, Commission, Afp, Getty, Kremlin, CNBC, Carnegie Russia Eurasia Center, Duma, Ukraine, Moscow, Election Commission, CEC, Eurasia, Foreign Policy Research Institute, Boris Nadezhdin Press, Central Electoral, Putin, Kremlin's Locations: Moscow, Russia, Ukraine, Russian, Mar, today's Russia, Anadolu

☆ Ukraine war live updates: Ukraine's army chief reportedly about to be sacked; Putin pins plane crash blame on U.S. Patriot system
▼ + stars: | 2024-02-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Commander in Chief of the Ukrainian Armed Forces Valerii Zaluzhnyi attends a ceremony marking the Day of Ukrainian Statehood, amid Russia's attack on Ukraine, in Kyiv, Ukraine July 28, 2023. Ukraine's army chief Valeriy Zaluzhnyi is expected be dismissed from his post by the end of the week, news outlet CNN reported Wednesday, citing sources. Zaluzhnyi reportedly refused a request from Zelenskyy to step down earlier this week and remains in post for now. Defense analysts point out that it's standard practice for military commanders to be replaced during times of war, if new strategy and vision are deemed necessary. Ukraine's forces are seen to be making little headway in reclaiming Russian-occupied territory, instead having adopted a more defensive stance to retain the positions held.

Persons: Ukrainian Armed Forces Valerii Zaluzhnyi, Valeriy Zaluzhnyi, Volodymyr Zelenskyy, Zaluzhnyi, Zelenskyy, Holly Ellyatt Organizations: Ukrainian Armed Forces, Ukrainian, CNN, Ukraine's Armed Forces Locations: Ukraine, Kyiv, Russia

☆ European markets head for lower open with euro zone inflation data, Bank of England decision in focus
▼ + stars: | 2024-02-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. European stocks are heading for a lower open ahead of euro zone inflation data for January and the Bank of England's latest monetary policy decision on Thursday. Investors will be keeping an eye on the latest monetary policy decision from the Bank of England on Thursday. The central bank is widely expected to hold interest rates steady at 5.25%, but market observers will be closely watching voting patterns, projections and language for hints about future rate cuts.

Organizations: Royal Exchange, Bank of England, Bank of Locations: City, London, United Kingdom

☆ European stocks head for mixed open as markets look ahead to Fed decision
▼ + stars: | 2024-01-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Wilmington Trust chief economist Luke Tilley said Tuesday that he isn't expecting any big changes in the Federal Reserve's posture tomorrow, but that the central bank could keep laying the groundwork for rate cuts later this year. And what they need to start pivoting towards is sort of confirming the expectation of rate cuts more and more," Tilley said. The Wilmington Trust team expects the first rate cut from the Fed to come on May 1. The Fed could also point to international developments like the conflict in the Middle East as a potential reason for caution on inflation, Tilley said. I don't think that that would cause them to not cut, but they will definitely cite some of those risks," he said.

Persons: Luke Tilley, Tilley, — Jesse Pound Organizations: Wilmington Trust, Fed Locations: Wilmington

☆ Ukraine war live updates: Ukraine reportedly set to replace army chief; Russia warns West could interfere in presidential vote
▼ + stars: | 2024-01-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukrainian President Volodymyr Zelenskyy is reportedly preparing to replace army chief Valeriy Zaluzhnyi in what would be the biggest shake-up of the country's military command since Russia's full-scale invasion nearly two years ago. Commander-in-Chief of the Armed Forces of Ukraine Valerii Zaluzhnyi during an event dedicated to Ukraine's Independence Day on August 24, 2023 in Kyiv, Ukraine. They said that Ukraine's president may not oust Zaluzhnyi for some time, however. Ukraine's Defense Ministry on Monday appeared to reject speculation about the army chief's position, saying in Google-translated remarks via Telegram, "Dear journalists, we immediately answer everyone: No, this is not true." Ukraine's Defense Ministry did not immediately respond to CNBC's request for comment.

Persons: Volodymyr Zelenskyy, Valeriy, Ukraine Valerii, Zaluzhnyi, Zelenskyy's, Zelenskyy Organizations: Armed Forces, Financial Times, Ukraine's Defense, Google, Ukraine's Defense Ministry Locations: Ukraine, Kyiv, Zelensyy, Russia

☆ European markets head for positive open ahead of euro zone GDP data
▼ + stars: | 2024-01-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Tuesday with investors keeping an eye on preliminary fourth-quarter gross domestic product figures due to be released by the euro zone. Regional markets on Monday closed slightly higher as investors looked ahead to a slew of earnings, data and central bank announcements through the week. Asia-Pacific markets rose across the board overnight, except Hong Kong, which fell as investors continue to grapple with the fallout from Evergrande's liquidation order. S&P 500 futures are little changed Monday night as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon Wednesday.

Organizations: Federal Reserve Locations: Asia, Pacific, Hong Kong

☆ Ukraine war live updates: Drone warfare intensifies as Moscow and Kyiv report attacks; Chinese and Ukrainian officials meet
▼ + stars: | 2024-01-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Members of the 'Paragon' military division, part of the 'Tymur' military intelligence unit of the Armed Forces of Ukraine, prepare rifles during shooting exercises in an unspecified location in Ukraine, on Monday, Jan. 29, 2024. Regional officials in both Russia and Ukraine have reported a series of attempted drone attacks against their territories overnight. Meanwhile, Ukraine's air force said air defense systems destroyed 15 out of 35 Russian drones that had been launched at Ukrainian energy and military infrastructure within the Mykolaiv, Sumy, Cherkasy, Kirovohrad, Dnipropetrovsk, Kharkiv, Kherson and Kyiv regions. Two missiles were also launched by Russian forces in the Donetsk region. In other news, China Vice Foreign Minister Sun Weidong met with Ukrainian ambassador to China Pavlo Riabikin on Tuesday, with the officials exchanging views on issues of common concern, including the Ukraine crisis, the Chinese Foreign Ministry said in a statement.

Persons: Sun Weidong, China Pavlo Riabikin Organizations: Armed Forces of, Russian, China, Foreign, Chinese Foreign Ministry Locations: Armed Forces of Ukraine, Ukraine, Russia, Bryansk, Kaluga, Tula, Sevastopol, Crimea, Russian, Mykolaiv, Sumy, Cherkasy, Kirovohrad, Dnipropetrovsk, Kharkiv, Kherson, Kyiv, Donetsk, China

☆ European markets head for a lower open ahead of ECB rate decision
▼ + stars: | 2024-01-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

The health-care sector may have done poorly in the last couple of years, but analysts are bullish on it right now, citing biotech as an area to watch. "Just two weeks into 2024, the healthcare sector has shrugged off the title of being a notable laggard in 2023," Citi said in a recent note. To look for biotech stocks that did well last year and that analysts are still positive on, CNBC Pro screened the iShares Biotechnology ETF and the SPDR S&P Biotech ETF. Subscribers can read more here. — Weizhen Tan

Persons: Weizhen Tan Organizations: Citi, CNBC Pro, Biotechnology, P Biotech ETF

☆ Ukraine war live updates: Ukraine accuses Russia of 'playing' with prisoners' lives amid suspicions over POW plane crash
▼ + stars: | 2024-01-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukraine on Wednesday suggested Russia failed to inform it of the need to create a safe airspace after a military aircraft was downed, reportedly while carrying 65 Ukrainian prisoners of war ahead of an exchange. Earlier in the day, Russia accused Ukraine of downing the aircraft, and said 65 Ukrainian prisoners of war and nine Russians were killed. Ukraine confirmed an exchange of prisoners was scheduled for Wednesday but one did not take place. It also said it was not told about the number of vehicles, routes and forms of delivery of the prisoners. "This may indicate deliberate actions by Russia aimed at creating a threat to the life and safety of prisoners," it alleged.

Persons: — Jenni Reid Organizations: Wednesday Locations: Ukraine, Russia, Russian, Ukrainian, Belgorod, Russia's Belgorod, Ukrainian Kharkiv

☆ European markets head for higher open ahead of euro zone PMI data
▼ + stars: | 2024-01-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Wednesday as investors look ahead to preliminary purchasing managers' index (PMI) data from the euro zone in January. The composite services and manufacturing PMI data will give investors a gauge of business activity in the single currency area, ahead of the European Central Bank's next meeting on Thursday. Overnight in Asia-Pacific markets, Hong Kong's Hang Seng index surged almost 2%, powered by tech stocks as other regional markets mostly fell. U.S. stock futures tied to the tech-heavy Nasdaq 100 climbed Wednesday morning after Netflix reported its subscriber count reached a record in the fourth quarter.

Organizations: European Central Bank's, Netflix Locations: Asia, Pacific, U.S

☆ Ukraine war live updates: Turkey approves Sweden's NATO bid, putting pressure on Hungary; death toll rises in Russian strikes
▼ + stars: | 2024-01-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Turkish lawmakers finally approved Sweden's NATO membership bid on Tuesday, clearing a major obstacle for the country to enter the military alliance after 20 months of delays. After decades of military nonalignment, Sweden and Finland applied to join NATO in May 2022, several months after Russia invaded Ukraine. After Ankara's decision to approve Sweden's entry to the defense bloc, Hungary is now the only NATO member yet to ratify Sweden's accession. NATO chief Jens Stoltenberg welcomed the Turkish parliament's decision yesterday, and called on Hungary to follow suit. In other news, Ukrainian President Volodymyr Zelenskyy said Russian missile strikes on major Ukrainian cities on Tuesday killed 18 people and injured more than 130.

Persons: Jens Stoltenberg, Volodymyr Zelenskyy Organizations: NATO, Sweden's, Turkish Locations: Sweden, Finland, Russia, Ukraine, Turkey, Hungary, Russian

☆ European markets head for flat open, losing positivity seen at the start of the week
▼ + stars: | 2024-01-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a flat open Tuesday, losing an air of positivity seen in the previous trading session. In Asia-Pacific markets, Hong Kong stocks rebounded Tuesday after two straight days of declines, while Japan's Nikkei 225 index rose as the Bank of Japan kept its monetary policy unchanged in its first monetary policy meeting of the year. U.S. stock futures were little changed Tuesday morning after the Dow Jones Industrial Average surpassed 38,000 for the first time ever.

Organizations: Nikkei, Bank of Japan, Dow Jones Industrial Locations: Asia, Pacific, Hong Kong

☆ Ukraine war latest updates: Russia's punishing strikes on Ukraine leave dead and injured, cars ablaze and buildings destroyed
▼ + stars: | 2024-01-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

DONETSK, UKRAINE - JANUARY 21: A view of the damage after the shelling in the market place in the Ukrainian city of Donetsk, which is currently under Russian control, ongoing Russian and Ukrainian war on January 21, 2024. At least 25 people were killed and 20 others injured on Sunday due to shelling in the Ukrainian city of Donetsk, which is currently under Russian control. (Photo by Leon Klein/Anadolu via Getty Images)The number of people killed or injured in a missile strike on a market in Donetsk city on Sunday has risen, a Russian-installed official said Monday. Pushilin blamed the attack on Ukraine, saying it had resorted to targeting civilians as a result of failures on the battlefield. Pushilin also claimed Ukraine had used cluster munitions in the strike, which the Kremlin described as a terrorist attack.

Persons: Leon Klein, Denis Pushilin, Pushilin, — Holly Ellyatt Organizations: Anadolu, Getty, Donetsk, RIA Novosti, Russian Locations: DONETSK, UKRAINE, Ukrainian, Donetsk, Russian, Donetsk People's Republic, Ukraine

☆ Ukraine war live updates: Moscow strikes back at Ukraine after drones and missiles target Russian oil terminals, market
▼ + stars: | 2024-01-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

DONETSK, UKRAINE - JANUARY 21: A view of the damage after the shelling in the market place in the Ukrainian city of Donetsk, which is currently under Russian control, ongoing Russian and Ukrainian war on January 21, 2024. At least 25 people were killed and 20 others injured on Sunday due to shelling in the Ukrainian city of Donetsk, which is currently under Russian control. Moscow accused Kyiv of launching a missile strike on a market in Donetsk city, killing at least 25 people and wounding 20 others, Russian officials said. Particularly severe Russian strikes are in the Donetsk region," Zelenskyy said in his nightly address. "There have been more than 50 Russian shelling incidents just from multiple rocket launcher systems, and also dozens of airstrikes and missile strikes," he said.

Persons: Leon Klein, Novatek, Volodymyr Zelenskyy, Zelenskyy, — Holly Ellyatt Organizations: Anadolu, Getty Images, CNBC Locations: DONETSK, UKRAINE, Ukrainian, Donetsk, Russian, Russia, Ukraine, Moscow, Baltic, Bryansk, Leningrad, Chernihiv, Sumy, Mykolaiv, Bakhmut

☆ European markets expected to start the new trading week higher
▼ + stars: | 2024-01-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to start the new trading week in positive territory Monday, with regional investors keeping an eye out for preliminary consumer confidence data from the euro zone for January. Elsewhere overnight, Asia-Pacific markets were mixed on Monday as China kept its loan prime rates unchanged, as expected. U.S. stock futures were little changed on Sunday evening, with investors looking to build on the S&P 500′s fresh all-time high from Friday.

Locations: Asia, Pacific, China

☆ European markets head for mixed open as banking officials at Davos temper rate cut expectations
▼ + stars: | 2024-01-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a mixed open Thursday as investors continue to monitor news and comments from the World Economic Forum in Davos, Switzerland. A number of European central bank officials at Davos have been hawkish about interest rate cuts, warning that despite progress tackling inflation, markets have gotten ahead of themselves in terms of expectations for spring rate cuts.

Organizations: Economic Locations: Davos, Switzerland

☆ Ukraine war live updates: Russia says Kyiv attacked Moscow, St Petersburg regions, claiming Baltic oil terminal was the target
▼ + stars: | 2024-01-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Russia claimed that Ukraine attacked several Russian regions with drones overnight, including the northwest Leningrad region for the first time. The defense ministry said Thursday that air defense systems shot down drones over the regions of Moscow and St. Petersburg, with one official claiming Ukraine targeted a Russian oil terminal in Leningrad, the northwestern Russian region where St. Petersburg is located. The port infrastructure was not damaged and no one was injured, the official said. If accurate, however, it would mark the first time that the northern region of Leningrad, where St. Petersburg is, has been targeted by Ukraine. "The geography of UAV [unmanned aerial vehicle] strikes by the Ukrainian Armed Forces continues to expand," one Russian official noted.

Organizations: Ukraine, Ukrainian Armed Forces Locations: Russia, Ukraine, Leningrad, Moscow, St, Petersburg, Russian

☆ Negative sentiment set to weigh on European stocks as investors focus on Davos
▼ + stars: | 2024-01-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

2023 wasn't a good year for the health-care sector, but some investors expect it to make a comeback this year — highlighting biotech and medical tech as areas to watch. The health-care industry "appears ready to return to leadership," given demographic shifts and the benefits of artificial intelligence, Citi said, adding that it expects "healthcare earnings recovery in 2024 to be one of the main drivers of potential outperformance in the sector." CNBC Pro takes a look at stock picks and other investing tips for the sector that were offered by the bank — and strategists from elsewhere. Subscribers can read more here. — Weizhen Tan

Persons: Weizhen Tan Organizations: Citi, CNBC

☆ Ukraine war latest updates: Putin hails military gains in Ukraine; Blinken warns of 'real problem' if Kyiv gets no extra funding
▼ + stars: | 2024-01-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Polish President Andrzej Duda told CNBC Tuesday that Ukraine's refusal to cede ground to Russia in any prospective peace talks was "perfectly understandable." "To me, as the president of Poland, it's perfectly understandable. He told CNBC that "all those voices who are saying that we probably should have some kind of political process, talks or discussions, they somehow don't hear what Mr. Putin is saying," Rinkēvičs told CNBC on Tuesday. When asked to comment on Sunday's talks, the Kremlin's Press Secretary Dmitry Peskov told CNBC, "We find these negotiations strange without our participation. Read more on the story here: 'Perfectly understandable': Russia's neighbors back Ukraine's refusal to negotiate on peace talks— Holly Ellyatt

Persons: Andrzej Duda, Duda, Volodymyr Zelenskyy, Vladimir Putin, CNBC's Steve Sedgwick, Latvia's, Edgars, Putin, Rinkēvičs, Sunday's, Dmitry Peskov, — Holly Ellyatt Organizations: CNBC, Economic, Kremlin's Locations: Russia, Davos, Poland

☆ European markets head for lower open while Davos steps up a gear
▼ + stars: | 2024-01-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

The annual forum steps up a gear Tuesday with special addresses by Chinese Premier Li Qiang, European Commission President Ursula von der Leyen, U.S. National Security Advisor Jake Sullivan and Ukrainian President Volodymyr Zelenskyy. European stocks are heading for a lower open Tuesday as markets continue to focus on news and comments from the World Economic Forum in Davos, Switzerland. A general view shows the congress centre, the venue of the World Economic Forum (WEF) in Davos, Switzerland January 13, 2020. Asia-Pacific markets fell overnight, with Japanese stocks also halting their record-breaking rally since the start of the year. U.S. stock futures were also lower Monday night as Wall Street awaits December retail sales data due Wednesday and bank earnings that will provide a better picture of the state of the American consumer.

Persons: Premier Li Qiang, Ursula von der Leyen, Jake Sullivan, Volodymyr Zelenskyy Organizations: Premier, U.S . National, Economic Locations: U.S, Davos, Switzerland, Swiss, Asia, Pacific

☆ Ukraine war latest updates: Zelenskyy in Davos to plead Ukraine's case before global elite; Russian city declares state of emergency
▼ + stars: | 2024-01-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

The Russian city of Voronezh introduced a state of emergency Tuesday morning after an alleged Ukrainian drone attack injured a 13-year-old girl and damaged apartment buildings. The city's mayor Vadim Kstenin said on Telegram that a "night raid" damaged four residential buildings, breaking dozens of windows. Russia's Ministry of Defense stated on Telegram that five drones (UAVS) were shot down over the Voronezh region overnight. Earlier, the governor of the wider Voronezh region, Alexander Gusev, said Russian air defense systems had "repelled an attack by Ukrainian unmanned aerial vehicles," or drones. Ukraine increased drone attacks against Russian territory, with the border city Belgorod coming under repeated attack around the New Year, causing Russia to retaliate.

Persons: Vadim Kstenin, Alexander Gusev, Gusev, Holly Ellyatt Organizations: Russia's Ministry of Defense, Russian Federation, Ministry, CNBC Locations: Russian, Voronezh, Ukrainian, Kyiv, Belgorod, Ukraine, Russia

☆ European markets set to start new trading week in positive territory; investors prepare for Davos
▼ + stars: | 2024-01-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open higher Monday as investors in the region gear up for the World Economic Forum in Davos, Switzerland. Titled "Rebuilding Trust," this year's forum runs from Jan. 14-19. Global business and political leaders will meet in the Swiss ski resort to discuss economic and geopolitical matters. This year, global trade, inflation, supply chains, technological change and wars in the Middle East and Ukraine are expected to top the agenda. Perhaps the most heavyweight political figures set to be in attendance are China's second-in-command Li Qiang and French President Emmanuel Macron, who will both give special addresses.

Persons: Li Qiang, Emmanuel Macron Organizations: World Economic, Global Locations: Davos, Switzerland, Jan, Swiss, East, Ukraine

☆ Ukraine war live updates: Ukraine says it needs China for any peace process with Russia; Davos overshadowed by ongoing war
▼ + stars: | 2024-01-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Ukraine presented its plan for peace in Switzerland on Sunday, on the eve of the World Economic Forum —but with Russia absent from the event, little tangible progress was made toward peace. Presenting Ukraine's 10-point "peace formula" in Davos to delegates from 83 countries, Ukraine's presidential chief of staff Andriy Yermak said Sunday that China needs to be involved in future talks to end the war with Russia. But Russia and its ally China — seen to be one of the few countries that can influence Moscow — were not involved in the even co-hosted by Switzerland and Ukraine. Russia previously rebuffed Ukraine's peace plan, which calls for all Russian troops to leave Ukrainian territory, and described previous peace formula talks, to which it was not invited, as "absurd."

Persons: Andriy Yermak, China —, Moscow —, Ukraine's Locations: Ukraine, Switzerland, Russia, Davos, China, Moscow

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