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The West double downs on support to Ukraine in response to Russian annexation plans. China’s renminbi fell to the lowest level against the rallying dollar since 2008. Sabotage of underwater pipelines causes major leaks of Russian gas into the Baltic Sea. Analysis: The Ukraine War, European Security and the Future Europe-Russian Relations.

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

Analysis: The Ukraine War, European Security and the Future Europe-Russian Relations

The assumption that Europe was stronger and more secure with Russia as a partner was shattered by Russia’s invasion of Ukraine in February 2022. The Kremlin, too, has changed views on Europe as a security partner.

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