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Key Takeaways

Turkey blocks quick accession of Finland and Sweden into NATO. Sri Lanka defaults on its sovereign debt. Mozambique declared a polio outbreak after identifying the first case of wild polio in the country since 1992. Analysis: Russian-Speaking Ransomware Gang Takes Aim at Latin America. Analysis: Ukraine War Update: Diplomatic Expulsions, War Crimes Trial, Azovstal POWs.

Condition Updates

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

Analysis: Russian-Speaking Ransomware Gang Takes Aim at Latin America

Conti, the largest ransomware gang in the world, appears to have shifted its targeting of government organizations away from countries engaged in the war in Ukraine and towards Latin America. This geographic shift, and messaging in its latest ransom notes indicates that the organization is likely seeking to distance itself from the war in Ukraine and pursue financially motivated operations in countries viewed as not aligned to the conflict.

Analysis: Ukraine War Update: Diplomatic Expulsions, War Crimes Trial, Azovstal POWs

Ukrainian President Zelensky is preparing the Ukrainian public for a long war. In his nightly video address, he told the Ukrainian people, "Kherson, Melitopol, Berdyansk, Enerhodar, Mariupol and all our cities and towns that are under occupation, under temporary occupation, should know that Ukraine will return.” Kyiv has hardened its position since the beginning of the war, seeking to completely push back Russia to internationally recognized borders.

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