In This Edition

Key Takeaways

Ukraine rejects Russian ultimatum to surrender Mariupol. The EU begins debate on a Russian oil embargo. Hong Kong plans to ease Zero COVID policies. Analysis: Visualizing Risk: Historic Drought Forecast in West and Southwest. Analysis: Ukraine War Update: Surrender Ultimatum, Stalled Talks, Food Emergency.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region. 

Analysis: Visualizing Risk: Historic Drought Forecast in West and Southwest

Released last week, the drought outlook for the spring season from the US National Weather Service forecasts that high levels of drought that will persist and spread across the country.

Analysis: Ukraine War Update: Ukraine War Update: Surrender Ultimatum, Stalled Talks, Food Emergency.

Russia is digging in defensive positions around Kyiv, preparing for a long siege of the city. If Russian forces can break through Ukrainian lines and encircle Kyiv, the capital will face sustained bombardment and destruction as Mariupol is now experiencing.

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