According to the publication, Russians have been effectively banished from the capitalist confab because of the full-scale war waged by Russia on Ukraine.
Bloomberg adds that there will be no representatives of China either at the event, as the country is still experiencing a sharp surge in the incidence of COVID-19 and a fall in the stock market, which caused the country's richest people to lose $224 billion in 2022.
However, the forum is expected to attract more businessmen from the Gulf, a region that is increasing its profits thanks to rising oil prices and a reputation for relative stability.
The largest group will traditionally be billionaires from the United States. Thirty-three American businessmen are expected to appear in Davos.
Despite the proximity to the Swiss ski resort, there will be only 18 billionaires from Europe this year.
Read the original article on The New Voice of Ukraine