World Economic Forum in Davos freezes relations with Russia over Ukraine's invasion

World Economic Forum in Davos has frozen its relations with Russia and suspended a strategic partnership with conglomerates run by Russian oligarchs. A Kremlin-backed research center in Moscow and an visory council led by Russian President Vlimir Putin’s economic viser have also been sunk.

Speaking to Politico, WEF spokeswoman Amanda Rousseau said, "We are not cooperating with any person who is under sanctions, and we have frozen all relations with Russian organizations". 

WEF has also vowed to here to US, EU, and Swiss sanctions against Russia, which means snapping ties with Russian banks and oil companies.

At same time, WEF reserves opportunity to serve as a bridge between Russia and Ukraine as soon as active conflict between countries ends, newspaper wrote.

Russia Ukraine war enters 14th day

In nearly two weeks since Russian President Vlimir Putin launched invasion, his forces have captured a swath of sourn and coastal Ukraine but have seen ir vances stopped in many areas, including around Kyiv.

Russian troops are shelling and destroying key infrastructure, massively shelling residential areas of Ukrainian cities and villages using artillery, multiple rocket launchers, and ballistic missiles.

Ukrainian President Volodymyr Zelenskyy vowed that his country would fight Russia's invasion in its cities, fields, and riverbanks. “We will not give up and we will not lose,” he told Britain's House of Commons via video, evoking “never surrender” speech that Winston Churchill gave during World War II.

Thousands of people are thought to have been killed, both civilians and soldiers, though actual number is unknown. Two million people — half of m children — have fled Ukraine in less than two weeks since Russia inved country, officials said Tuesday, as Europe's worst refugee crisis since World War II grows by day.

humanitarian situation in country's besieged cities grew direr, including in Mariupol, where bodies lay uncollected in streets and hopes for a mass evacuation of civilians were dashed again.

Ukraine has officially filed a lawsuit against Russian Federation with UN International Court of Justice in Hague.

(With inputs from agency)