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There are signs North Korea is preparing to conduct a nuclear test for the first time since 2017. Russia’s invasion of Ukraine enters the 100th day. The head of the African Union meets with Russian President Putin to discuss grain supplies amid Africa’s growing food security crisis. Analysis: Ukraine War Update: Western Oil Sanctions on Russia and the Next Phase of War.

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

Analysis: Ukraine War Update: Western Oil Sanctions on Russia and the Next Phase of War

On the 100th day of the Ukraine war, Ukrainian Defense Minister Oleksii Reznikov said that NATO should consider granting Ukraine "de facto" rather than "de jure" membership of the alliance when it discusses its strategy for the next 10 years at a summit in June.

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