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Germany says it will not stand in the way of other NATO nations transferring Leopard tanks to Ukraine. China celebrates the Year of the Rabbit, pursuing opening plans despite mounting COVID-19 deaths. Brazil and Argentina are exploring a common currency, seeking to boost regional trade and reduce reliance on the US dollar. Analysis: The Future of Energy: Is the Russian Oil Cap Working?

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

Analysis: The Future of Energy: Is the Russian Oil Cap Working?

The oil cap is controversial and experimental, a so-called buyer’s cartel that works in theory but has never been put to a practical field test. The question is would it really work? Seven weeks in, the answer appears to be yes.

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