European resistance to U.S. President Donald Trump’s attempt to purchase Greenland and his proposed “Board of Peace” initiative has derailed efforts to finalize an economic aid package for postwar Ukraine, the Financial Times reported on Wednesday.
Delay of $800 Billion Prosperity Plan
A planned announcement of an $800 billion prosperity plan to be agreed between Ukraine, Europe and the U.S. at the World Economic Forum in Davos this week has been delayed, the report said, citing six officials.
Reuters could not immediately verify the report. The White House did not immediately respond to a request for comment.
“Nobody is in any mood to stage a grand spectacle around an agreement with Trump right now,” one official told the FT, adding that disputes over Greenland and the Board of Peace had overtaken an earlier focus on Ukraine at the Davos meeting.
Tensions over Greenland disrupted negotiations on the prosperity plan text this week, the FT report said, adding that the U.S. did not send a representative to a key meeting on Monday evening.
Ukraine’s Conditional Participation
The “prosperity plan” was not being shelved indefinitely and could still be signed at a later date, the newspaper added.
Ukraine President Volodymyr Zelenskiy said on Tuesday that he would travel to Davos only if documents on security guarantees with the United States and a prosperity plan were ready to be signed there.
(With input from Reuters)
