US, Russia envoys meet in Davos as Ukraine reconstruction plan postponed

US envoy Witkoff to meet Putin on Thursday, the Kremlin confirms, as the signing of an $800bn Ukraine deal is put on hold.Published On 21 Jan 2026Envoys for United States President Donald Trump and Russian President ‍Vladimir Putin have met at the World Economic Forum in Davos, Switzerland, amid reports that the signing of a $800bn “prosperity plan” was postponed due to tensions over Greenland.Kremlin ‌spokesman Dmitry Peskov ‍on Wednesday said Moscow would not comment on ⁠talks in Davos, but stressed the importance for Russia of receiving information on discussions between ‌the US, European leaders and Ukraine.Recommended Stories list of 3 itemslist 1 of 3Two killed, dozens wounded in large Russian drone attacks across Ukrainelist 2 of 3How Russia is weaponising the freezing weather in Ukrainelist 3 of 3Trump asks Putin to join Gaza ‘board of peace’ even as Ukraine war ragesend of listRussian state-run news agency TASS reported that US special envoy Steve Witkoff, Trump’s son-in-law Jared Kushner and Russian special envoy Kirill Dmitriev met on ‍Tuesday ⁠for more than two hours on the forum’s sidelines.The agency quoted Witkoff as saying the talks had been “very positive”.Later, Witkoff told The Associated Press news agency that he and Kushner were planning to meet Russian President Vladimir Putin and the Ukrainian delegation on Thursday.The Kremlin confirmed that the meeting that will take place in Moscow was on Putin’s schedule.Derailed reconstruction planMeanwhile, the United Kingdom’s Financial Times (FT) newspaper reported on Wednesday that tensions in the NATO alliance over Trump’s bid to acquire Greenland had derailed the signing of a Ukraine reconstruction plan, which was originally scheduled to take place in Davos.The so-called “prosperity plan” to be agreed between Ukraine, Europe and the US was not being shelved indefinitely and could still be signed at a later date, the newspaper added.