Five Things You Need to Know to Start Your Day

Russia’s invasion of Ukraine enters second week, energy prices soar again, and the outlook for central banks becomes less certain.

Russia’s foreign minister said that talks would resume with Ukraine today even as his country’s forces press ahead with their offensive. There remains little hope of a breakthough in talks for now as the international isolation of Russia intensifies. The country’s credit rating was slashed to junk status by ratings agencies, while MSCI is eliminating Russian equities from its emerging-markets indexes. On the ground in Ukraine, missiles hit Kyiv again overnight and Russia’s campaign to take cities in the south intensified.