President Donald Trump is emphasizing that targeting Russia’s oil revenue is the best way to get Moscow to end its nearly three-year war against Ukraine.

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.

Russia is waiting for signals from Washington to commence highly anticipated peace negotiations to end the war with Ukraine.

One of President Donald Trump’s several broken campaign promises was highlighted by a question Thursday as he spoke at the World Economic Forum in Davos, Switzerland, where he refused to say if Russia’s illegal war against Ukraine would be over in a year.

Switzerland remains calm amid global panic over Trump’s executive orders. Swiss industries, including gold refining, brace for potential U.S. trade policies, while Trump’s economic agenda stirs global markets.

US President Donald Trump’s virtual speech at WEF and more criticism against the grounded drones in Switzerland.

NATO Secretary-General Mark Rutte has warned that a Russian victory over Ukraine would undermine the dissuasive force of the world's biggest military alliance and could cost trillions of dollars to restore the organization's credibility.

I really would like to be able to meet with President Putin soon to get that war ended,” Trump told the World Economic Forum in Davos.

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\".

The prices of the benchmark crude oil have slumped. Crude oil prices decreased after US President Donald Trump, familiar with his guise of functioning, issued a new set of threats, vowing to impose additional sanctions on Russia.

U.S. President Donald Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned U.S. investment package to $1 trillion from an initial reported $600 billion.

Gold exports to the US from Europe’s main refining hub in Switzerland jumped to the highest since Russia’s invasion of Ukraine, as traders scrambled to bring bullion ashore ahead of potential tariffs.