• Ukraine's Zelenskyy presses Israel for missile defence help, fighting rages in Mariupol

Market news

20 March 2022

Ukraine's Zelenskyy presses Israel for missile defence help, fighting rages in Mariupol

“Russian and Ukrainian forces fought for control of the port city of Mariupol on Sunday, local authorities said, while Ukrainian President Volodymyr Zelenskyy appealed to Israel for help in pushing back the Russian assault on his country,” said Reuters during early Monday morning in Asia.

Key quotes

Mariupol has suffered some of the heaviest bombardments since Russia invaded Ukraine on Feb. 24. Many of its 400,000 residents remain trapped there with little if any food, water and power. 

Fighting continued inside the city on Sunday, regional governor Pavlo Kyrylenko said, without elaborating.

The Russian governor of Sevastopol, which Moscow annexed from Ukraine in 2014, said on Sunday that Post Captain Andrei Paliy, deputy commander of Russia's Black Sea Fleet, had been killed during fighting in Mariupol.

Russia called on Ukrainian forces in Mariupol to lay down their arms, saying a "terrible humanitarian catastrophe" was unfolding. 

It said defenders who did so were guaranteed safe passage out of the city and humanitarian corridors would be opened from it at 10:00 Moscow time (07:00 GMT) on Monday.

Speaking to CNN, Zelenskiy reiterated he was ready for talks with Putin and that the war would not end without negotiations.

Market reaction

The news probed Antipodeans during the week-start trading, weighing NZD/USD to sub-0.6900 after an upbeat week.

Read: NZD/USD begins the week on a back foot around 0.6900 on mixed NZ trade data, Ukraine woes

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