Bloomberg learned about the refusal of businessmen from Russia and China to attend the WEF

The Economic Forum will be held in Davos, Switzerland from January 16 to 20 for the first time after a two-year break. Of the 116 billionaires who have applied to participate in the forum, none are from RUSSIA or CHINA , according to BLOOMBERG.

At the World Economic Forum (WEF) this year there will be neither Russian nor Chinese billionaires, who until recently were "an integral attribute of Davos," writes Bloomberg.

“Not so long ago, Russian billionaires were an essential attribute of Davos, as commonplace as Moncler down jackets. Zero this year. The war in Ukraine and the ostracism of Russia by the West have effectively excluded the oligarchs from the annual conversation of the capitalist elites.

In addition, not a single businessman from China will come to the forum, “as the country is still reeling from a surge in covid-19 cases and a fall in the stock market,” Bloomberg notes.

According to the agency, a total of 116 billionaires have registered for the event, most of them from the United States , the EU, the Gulf states and India. "The composition of the list of invited billionaires reflects the global turmoil" that is taking place in the world against the backdrop of conflicts, the spread of disease and rising inflation," the agency said in a statement.

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The economic forum will be held in Davos, Switzerland from January 16 to 20 for the first time after a two-year break due to the COVID-19 pandemic. Last year, the WEF was held in May, there were no Russians there either. In 2020, the delegation from Russia became the third among all participating countries in terms of the number of billionaires in Davos.

According to FORBES, 35 Russians have lost their billionaire status since 2021: only 88 remain on the Russian Forbes 2022 list. Severstal owner Alexei Mordashov (-$11.1 billion), founder of the Wildberries marketplace Tatyana Bakalchuk (- $8.3 billion) and founder of Tinkoff Bank Oleg Tinkov (-$5.9 billion).

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Bloomberg estimated the losses of Russian billionaires from February to December 2022 at $93 billion. According to the agency, Chinese businessmen also lost a record $64.6 billion due to rising inflation and anti-COVID restrictions in the country.