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Key Takeaways

The head of the WHO warned that China’s zero-Covid strategy is unsustainable. Britain rejected EU proposals to resolve a standoff over post-Brexit trade rules for Northern Ireland. Ukraine declared force majeure for one of its key pipelines, in a move that could cut gas flows to Europe. Analysis: Economic Impact of the Ukraine War and Western Sanctions. Analysis: Ukraine War Update: Russian War Strategy, Ukraine Gas Disruption, Ukrainian Kharkiv Counteroffensive.

Condition Updates

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

Analysis: Economic Impact of the Ukraine War and Western Sanctions.

In response to Russia’s invasion of Ukraine, Western and Asian countries allied with Ukraine have used economic tools of state to effectively execute an economic war on Russia in an attempt to compel the Kremlin to end its aggression in Ukraine.

Analysis: Ukraine War Update: Russian War Strategy, Ukraine Gas Disruption, Ukrainian Kharkiv Counteroffensive.

In Congressional testimony yesterday, US intelligence provided an assessment on Russia’s intentions in the war on Ukraine. The US believes President Putin has not changed his aims in Ukraine and that his focus on the south-eastern Donbas region is a temporary shift “to regain the initiative” after failing to capture Kyiv.

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