Ursula von der Leyen: 'Europe pulled together when it mattered the most'

‘Europe pulled together when it mattered the most’ said Ursula von der Leyen in a special address at the World Economic Forum in Davos, Switzerland.

In her opening words, the President of the European Commission praised the people of Ukraine for their ‘moral and physical courage’ amid Russia’s ongoing invasion of Ukraine.

“In this last year, your country has moved the world and inspired all of Europe. And I can assure you that Europe will always stand with you” said von der Leyen.

The President also reiterated the European Commission’s announcement on Monday that it is delivering €3 billion in financial support which will be part of an €18 billion support package for Ukraine in 2023. This sum will help support hospitals and schools, and pay wages and pensions.

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"Europe’s reaction to the war is the latest example of how our Union has pulled together when it matters the most," said the President of the European Commission, Ursula von der Leyen in a special address.

Welcome back to our coverage from the World Economic Forum in Davos, Switzerland. The First Lady of Ukraine, Olena Zelenska gave a special address in Davos on Tuesday morning as Russia's invasion of Ukraine nears the 11-month mark.

That's the end of Live Blog coverage from Davos for Monday, but we will be back here with more live news from the World Economic Forum on Tuesday.

The anti-poverty pressure group Oxfam International made the early headlines today with a report suggesting that the richest one per cent of humanity is accumulating wealth at double the speed of the rest of humanity. Its executive director Gabriela Bucher has tweeted that she's in Switzerland to speak up for the 99%.

My colleague David Walsh has posted this article outlining the main