World Economic Forum freezes relations with Russia

The World Economic Forum (WEF) in Davos froze its relations with Russia, including strategic partnerships with oligarch-run conglomerates, Report informs citing foreign media.

The WEF has to comply with US, EU and Swiss sanctions against Russia, which means breaking ties with Russian banks and oil companies.

WEF representative Amanda Russo said in a statement that the organization doesn’t cooperate with any person under sanctions, therefore, all relations with Russian organizations have been frozen.