LIVE: No agreement was reached that improves situation, says Ukraine

A Ukrainian negotiator at talks with Russia on Monday said some small progress had been made on agreeing logistics for evacuation but no agreement was reached that significantly improves the situation

9:49 AM

Americans providing encrypted communications equipment to Zelensky: Report

As Russia's war on Kiev continues, Americans have provided Ukrainian President Volodymyr Zelensky "encrypted communications equipment" which can "put him into a secure call" with his US counterpart Joe Biden, a media report has claimed.

The New York Times report published on Sunday said thatin Washington and Germany, "intelligence officials race to merge satellite photographs with electronic intercepts of Russian military units, strip them of hints of how they were gathered, and beam them to Ukrainian military units within an hour or two".

9:43 AM

Sensex crashes 1368 points in early trade, currently trading at 52,965; Nifty at 15,870

9:31 AM

Zelenskyy says Russia sanctions not sufficient

As Russian forces increased their shelling of Ukraine, President Volodymyr Zelenskyy appealed to the West to strengthen sanctions.

In a video statement Sunday evening, Zelenskyy heaped criticism on Western leaders for not responding to the Russian Defense Ministry's announcement that it would strike Ukraine's military-industrial complex, while telling employees of these defense plants not to go to work.

8:58 AM

PM Modi to speak with Ukrainian President Zelenskyy

Prime Minister Narendra Modi will speak to Ukrainian President Volodymyr Zelenskyy on Monday, official sources said.

Modi's expected talk with Zelenskyy comes amid India's all out efforts to evacuate its nationals, mostly students, from the country facing attack from Russia.

This is the second time Modi will speak to Zelenskyy since the war began.

The prime minister has also spoken to Russian President Vladimir Putin after he launched an attack on Ukraine.

8:55 AM

Ukraine suspends exports of some products amid risk of food shortage

Amid the risk of food shortages due to the ongoing conflict with Russia, Ukraine has decided to suspend exports of some food products including meat, oats and sugar.

A Ukrainian government statement said exports of "meat, rye, oats, buckwheat, sugar, millet and salt" will be halted, CNN reported.

The statement said exports of wheat, corn, poultry, eggs and oil will be allowed only with the permission of the country's Ministry of Economy.

8:53 AM

Gas tops $4 per gallon average, 1st time since 2008

The price of regular gasoline broke $4 per gallon (3.8 liters) on average across the U.S. on Sunday for the first time since 2008.

During the first full week of Russia's invasion of Ukraine, the price of regular gas rose by almost 41 cents, according to the AAA motor club.

8:51 AM

Palladium scales record high, gold hits $2,000 on Russia-Ukraine war

Palladium jumped to a record high on Monday, while gold hit the key level of $2,000 per ounce, as concerns over Russia-Ukraine conflict pushed investors towards safe-haven assets.

FUNDAMENTALS

* Palladium gained 5.7% to $3,172.19 per ounce, as of 0158 GMT, after hitting an all-time high at $3,172.22 earlier in the session.

* Russia accounts for 40% of global production of the auto-catalyst metal, used by automakers in catalytic converters to curb emissions.

 

8:51 AM

Palladium scales record high, gold hits $2,000 on Russia-Ukraine war

Palladium jumped to a record high on Monday, while gold hit the key level of $2,000 per ounce, as concerns over Russia-Ukraine conflict pushed investors towards safe-haven assets.

FUNDAMENTALS

* Palladium gained 5.7% to $3,172.19 per ounce, as of 0158 GMT, after hitting an all-time high at $3,172.22 earlier in the session.

* Russia accounts for 40% of global production of the auto-catalyst metal, used by automakers in catalytic converters to curb emissions.

 

8:49 AM

Russian troops will attempt to occupy Kiev in next few days: Official

A top Ukrainian official has claimed that Russia has amassed a large number of troops in villages and towns near Kiev, and is likely to stage an attempt to occupy the capital city in the next few days as Moscow's military advances continue.

Speaking to the state-run Ukrainian TV on Sunday night, Vadym Denysenko, an adviser to the Minister of the Interior, said that a key battle is expected to take place within the next few days, Ukrayinska Pravda reported.

8:48 AM

American Express announces suspension of operations in Russia, Belarus

American Express on Sunday announced the suspension of its operations in Russia and Belarus over the ongoing military operation in Ukraine.

This comes a day after credit card and payment giants Mastercard and Visa announced that they were suspending operations in Russia and that their cards issued by Russian banks will no longer work outside the country.

8:47 AM

Kyiv failed to create conditions for humanitarian corridor: Russia

Russian Defence Ministry on Sunday said Ukraine has not fulfilled its commitments with regards to organizing humanitarian corridors to help people leave Mariupol.

The ministry said that Russia made another attempt to evacuate civilians from Mariupol on Sunday.

8:46 AM

UK Home Secretary asks interpol for Russia's 'immediate suspension'

UK Home Secretary Priti Patel says she has sent a letter to the International Criminal Police Organization (Interpol) calling for an urgent decision on excluding Russia from Interpol systems.

"Alongside counterparts from US, Canada, Australia and New Zealand, I have written today calling on INTERPOL_HQ and its Executive Committee to take a decision this week, in accordance with its rules, on the immediate suspension of Russia's access to its systems," Patel said on Twitter.

She claimed that Russia's operation in Ukraine is a "direct threat" to international law enforcement cooperation.

8:45 AM

Netflix suspends services in Russia

Streaming giant Netflix is suspending its operations in Russia, joining the long line of major entertainment companies and Hollywood studios that have closed operations in the country.

"Given the circumstances on the ground, we have decided to suspend our service in Russia," a Netflix spokesperson said as quoted by Variety on Sunday.

Back in December, Russia's Roskomnadzor included Netflix in the register of audiovisual services after the subscriber base for the company exceeded 100,000.

8:42 AM

Middle East to suffer from the grain shortage due to the war in Ukraine

As Russia's invasion of Ukraine continues unabated, many countries of the Middle East are seriously concerned about the inevitable shortage of grain as Russia and Ukraine together account for 30 per cent of global wheat exports. Russia is the world's largest exporter of wheat, with Ukraine in fourth place, while the two countries together account also for 19 per cent of corn exports.

 

The war in Ukraine, if it continues for several weeks more, will also prevent Ukrainians from planting the wheat, while the sanctions imposed by the West will prevent Rusia from selling its produce. As a result, the prices of grain will continue to rise steeply, causing sharp rises in the prices of bread, milk, meat, and other products. Read on...

8:25 AM

TikTok suspends live streaming in Russia citing new fake news law

Chinese video-sharing app TikTok has suspended livestreaming and new content to video services in Russia following the introduction of new 'fake news' law in the country that threatened jail terms of up to 15 years.

 

Russian President Vladimir Putin on Friday signed a federal law criminalizing the spread of disinformation about the Russian armed forces, their defamation, as well as the calls for sanctions against Russia.

 

Global news media including CNN and BBC said they were suspending their operations to protect their journalists from the new law. Read on...