The 54th World Economic Forum begins in Davos, running from January 15 to 19 under the theme 'Rebuilding Trust' with participation from over 100 government representatives and 1,000 partner companies.

The World Economic Forum in Davos is taking place from January 15 to 19

The 54th World Economic Forum is taking place under the theme 'Rebuilding Trust'

The summit will host more than 100 representatives of governments

The summit will host 1,000 of the Forum's partner companies

The decision to confiscate frozen Russian assets must be taken on a collective level and is unlikely to happen quickly

Western countries have frozen over $300 billion in the Russian central bank's sovereign assets since the start of the full-scale invasion

Around two-thirds of the assets are held in European accounts, while only up to $5 billion are frozen at U.S. institutions

Participants at the Davos forum heard testimony from victims of Russian crimes, including a teenager whose father was shot dead and a woman who suffered sexual violence.