Russian President Vladimir Putin has described US President Donald Trump’s threats of tariffs and sanctions against Russia as “smart and pragmatic.” Speaking to a Russian TV journalist on Jan. 24, Putin declared his openness to a meeting with Trump to address issues such as the war in Ukraine and the volatility of energy prices.

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

U.S. President Donald Trump spoke by video link to the World Economic Forum on January 23. Referring to his pledge to swiftly end the war in Ukraine, Trump said he wants to meet with Russian President Vladimir Putin soon and intends to use tariffs and further sanctions to put pressure on Russia.

Ukraine praised U.S. President Donald Trump on Thursday for threatening to impose tariffs and sanctions on Russia if it refuses to make a deal to end the war in Ukraine and said the comment sent a "strong signal".

Appearing via video link at the World Economic Forum meeting in Davos, Switzerland, yesterday, President Donald Trump called the war in Ukraine “an absolute killing field” and said his efforts to end the conflict by brokering a ceasefire have already started.

The U.S. president used the World Economic Forum to offer the global elite a warning: He intends to follow through on his “America First” campaign promises.

WASHINGTON - President Donald Trump said on Thursday that the "Golden Age" of America had begun and that it was "back and open for business" while addressing business and political leaders gathered at the World Economic Forum’s annual meeting in Davos, Switzerland.

WASHINGTON — President Trump said Thursday that he wants interest rates to “drop immediately” — saying he plans to “demand” reductions alongside an anticipated dip in global oil prices.

Ukraine House Davos opened its doors to world leaders and investors for the sixth year in a row during the World Economic Forum in Switzerland. Ukraine House this year was adorned with the slogan “Your Country First,

By Maria Varenikova Russia says Ukraine shot down a military ... Ukraine’s president told world leaders at Davos that Europe needs to remain united and “learn how to take care of itself.”

Yulia Svyrydenko, Ukraine's economy minister, also said at Davos that Ukraine's economy had fared better than Russia's, but that sanctions on Russia needed to be strengthened to weaken the country ...