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Russia sends mixed messages on potential Ukraine invasion. The WHO warned that Eastern Europe is undergoing a surge of Omicron infections. Banning Russia from the SWIFT financial system is reportedly off the list of potential sanctions for Ukraine invasion. Analysis: Visualizing Risk: The Omicron Wave in Europe.

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

Analysis: Visualizing Risk: The Omicron Wave in Europe

The Omicron variant has become the dominant strain of COVID-19 in Europe, accounting for between 90-100 percent of all cases in almost every European country as indicated by the dark red color. However, the continent’s outbreak has progressed at a different rate and intensity than that of the US, caused in large part by differing restrictions and vaccination rates. The differing paths of the variant in both regions can grant insight into the trajectories of future mutations.

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