According to the sources, the decision was made after the publication of Viktor Pinchuk's article in The Wall Street Journal with the proposals for resolving the conflict between Ukraine and Russia.

Read alsoRespect for Ukraine vital for a lasting peace - Deputy Chief of Poroshenko Administration"The president will have his own program in Davos, but after the article, he will not go to Pinchuk," the source said.

As UNIAN reported earlier, Pinchuk annually organizes the "Ukrainian lunch" at the World Economic Forum in Davos to discuss the trends in the development of Ukraine.

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The World Economic Forum will be held January 17-20.