People gather in an air raid shelter in Kyiv, Ukraine February 25, 2022. REUTERS/Viacheslav Ratynskyi
People gather in an air raid shelter in Kyiv, Ukraine February 25, 2022. REUTERS/Viacheslav Ratynskyi

Ukraine and Russia: What you need to know right now

  • President Vladimir Putin put Russia's nuclear deterrent on high alert on Sunday in the face of a barrage of Western reprisals for his war on Ukraine, which said it had repelled Russian ground forces attacking its biggest cities.
  • Ukrainian and Russian officials were due to hold talks at a venue on the Belarusian border with Ukraine, President Volodymyr Zelenskiy's office said on Sunday.
  • European nations and Canada moved on Sunday to shut their airspace to Russian aircraft.
  • Japan will join the United States and other Western countries in blocking certain Russian banks' access to the SWIFT international payment system.
  •  U.S. equity futures sank with the euro while the safe-haven dollar and yen were in demand on Monday after Western nations imposed fresh sanctions on Russia. The Russian rouble plunged nearly 20% to a record low versus the dollar. 
  • Energy major BP opened a new front in the West's campaign to isolate Russia's economy, with its decision to quit the oil-rich country the most aggressive move yet by a company in response to Moscow's invasion of Ukraine.

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