President Trump hosted a signing ceremony today in Davos for his so-called Board of Peace. Some 35 countries have agreed to sign on to the project, but many critics fear the board could undermine the United Nations. Trump will serve as the board’s chair indefinitely and have veto power over the board’s decisions. Trump is asking countries to pay $1 billion for a permanent spot on the board. Trump initially proposed the board to oversee Gaza, but he now envisions a much broader mission.

President Donald Trump: “Once this board is completely formed, we can do pretty much whatever we want to do. And we’ll do it in conjunction with the United Nations. You know, I’ve always said, the United Nations has got tremendous potential, has not used it. … On the eight wars that I ended, I never spoke to the United Nations about any of them. And you would think that I should have. You would think they could have done those eight wars, but they couldn’t have. And they tried, I guess, in some of them, but they didn’t try hard enough.”

Countries who have joined the board so far include many right-wing or authoritarian governments, including Argentina, Azerbaijan, Bahrain, Belarus, Egypt, Indonesia, Morocco, Saudi Arabia, Turkey and the United Arab Emirates. Hungary is the only European country to sign on. France, Norway, Slovenia, Sweden and the United Kingdom have all said they will not join.

Trump has invited Israeli Prime Minister Benjamin Netanyahu and Russian President Vladimir Putin to join the Board of Peace. The Israeli press reports Netanyahu opted not to fly to Switzerland, out of fear that he would be arrested for war crimes. During the Board of Peace ceremony, Trump also suggested a settlement on the Ukraine war is “coming very soon.”