Trump Davos Ukraine Peace Deal: 'Reasonably Close' as War Hits 4-Year Mark

A deal's on the horizon, but the missiles haven't stopped flying. Donald Trump told reporters at the World Economic Forum in Davos on January 22, 2026, that a peace agreement to end the nearly four-year war in Ukraine is now "reasonably close."

Trump Davos Ukraine Peace Deal Prospects and Putin's Leverage

Trump's diplomatic push includes an invitation to Vladimir Putin to join his Gaza "peace board." According to the TASS news agency, Putin's considering the offer and suggested using $1 billion from frozen Russian assets in the US to fund the initiative. Meanwhile, top Trump envoys Jared Kushner and Steve Witkoff held "positive" meetings with both Ukrainian and Russian representatives in Davos, signaling intense back-channel negotiations.

Escalating Attacks and Infrastructure Collapse

The optimism in Switzerland contrasts sharply with the carnage on the ground. In the past 10 days, Russian forces dropped 768 guided missiles and bombs on the Donetsk region, obliterating remaining infrastructure. In Kyiv, while critical power is back, the system remains in a "deep emergency mode" with 44,000 homes still without electricity.

Ukraine isn't staying on the defensive. A strike on Russia's Krasnodar region hit a port, setting four oil tanks ablaze and killing three people. This tactical escalation suggests both sides are trying to secure the strongest possible hand before a potential ceasefire.

The New Cold War Fronts: North Sea to Arctic

The conflict's reach is expanding geographically. The Dutch navy recently escorted Russian spy ships away from North Sea infrastructure, while Germany arrested a former contact of the Defense Ministry on charges of spying for Russia. Tensions are also simmering in the Arctic, as Norway warns of Russia's growing military footprint near Greenland, testing NATO unity.