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Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
South Korea has agreed with Singapore, Canada, Australia, and New Zealand to ease cross-border travel regulations to maintain the global supply chain.
The said countries decided via a virtual meeting, attended by Trade Minister Yoo Myung-hee, to draft guidelines that would allow travel on an exceptional basis, according to the Ministry of Trade, Industry, and Energy.
The countries also emphasized that their efforts would not undermine quarantine efforts to tackle coronavirus.
South Korea has been lobbying to enable its entrepreneurs to make essential business trips abroad to minimize the impact of the coronavirus to their economy.
The representatives of the five countries also agreed to refrain from imposing new trade regulations on essential products, such as foodstuffs and medical supplies.
Earlier this week, it was announced that five Chinese cities and provinces would allow entry for South Korean businesspeople in May.
