Plans to unveil a major economic support package for postwar Ukraine have been delayed amid growing tensions between Europe and U.S. President Donald Trump, the Financial Times reported on Wednesday, January 21st.
The proposed $800 billion so-called prosperity plan, intended to be agreed between Ukraine, European partners and the United States, was due to be announced at this week’s World Economic Forum in Davos. However, the newspaper said the announcement had been postponed after disagreements over Trump’s renewed interest in acquiring Greenland and his proposed Board of Peace initiative.
According to six officials cited by the FT, the disputes have overshadowed earlier discussions focused on Ukraine. One official said there was little appetite for a high-profile agreement with Trump under the current circumstances.
Negotiations on the text of the prosperity plan were reportedly disrupted this week, with the United States failing to send a representative to a key meeting on Monday evening.
Despite the setback, the plan has not been abandoned and could still be signed at a later stage.
Ukrainian President Volodymyr Zelenskiy said on Tuesday that he would only attend the Davos summit if security guarantees with Washington and the prosperity plan were ready for signature.
