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The US is not seeking a “cold war” with China but wants Beijing to adhere to international rules. Fiji becomes first Pacific Island country to join the Indo-Pacific Economic Framework. China and Russia vetoed new UN sanctions on North Korea over its renewed ballistic missile launches, splitting the UN Security Council. Analysis: Ukraine War Update: The Battle of Donbas and Ukraine’s Sovereignty.

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

Analysis: Ukraine War Update: The Battle of Donbas and Ukraine’s Sovereignty

Ukrainian President Zelensky, in his nightly video address, called on the West to stop playing around with Russia and impose tougher sanctions on it to end its senseless war in Ukraine. Zelensky said, “Ukraine will always be an independent state and it won't be broken. The only question is what price our people will have to pay for their freedom, and what price Russia will pay for this senseless war against us.”

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