Canada, the European Union, the United Kingdom, the United States and Japan freeze all assets of the Russian Central Bank and the Russian National Wealth Fund under their jurisdiction, preventing the usage of more than a third of Russia's $630 billion of foreign exchange reserves.
A planned US$66 billion merger between British semiconductor company Arm Ltd. and American hardware company Nvidia is cancelled after facing regulatory pressures from the United States, the European Union, the United Kingdom, and China. Arm says that it will instead go public sometime before March 2023. If the deal were successful, it would have been the largest merger in the history of the semiconductor industry.
The United Kingdom eases its quarantine requirements for fully vaccinated travellers from the United States and European Union countries other than France where most of them are in the "amber list" category in order to reunite family and friends whose loved ones live abroad. Travellers will still need to take either a lateral flow or PCR test before their departure, and a PCR test on the second day after their arrival.
The Trump administration announces that the United States no longer considers Israeli settlement of the West Bank as illegal "per se" under international law. The announcement is praised by Israeli Prime Minister Benjamin Netanyahu, and condemned by the European Union, the Palestinian National Authority, and Jordanian Foreign Affairs Minister Ayman Safadi.
A senior European External Action Service official says that the European Union, in order to protect its companies doing business with Iran, could implement "blocking regulations" based on a legal framework set up in 1996 for E.U. trade with Cuba, should the United States pull out of the 2015 nuclear deal and restore its sanctions.
American pharmaceutical companies Pfizer and Allergan, Plc announce plans to merge to form the world's largest drug company. The merger is subject to approval from regulators in the U.S., European Union and elsewhere as well as approval by shareholders of both companies. If approved, the deal will reduce tax revenue paid to the U.S. by approximately $930 million.
The European Union narrowly votes (285–281) to recommend that its 28 member nations drop criminal charges against Edward Snowden and protect him from U.S. extradition and to recognize him as a defender of human rights because of his revelations regarding U.S. and British spying.
Voters in Crimea vote overwhelmingly to leave Ukraine and rejoin Russia. Ukraine, the European Union, and the United States condemn the referendum, which did not give voters the option of the status quo.