While addressing South Korean lawmakers on Monday, Ukrainian President Volodymyr Volodymyr Zelenskyy said Russia was concentrating tens of thousands of soldiers for the next offensive, as reported by Reuters.

Additional takeaways

"Russia threatens Europe, not just Ukraine."

"Russia has destroyed hundreds of pieces of Ukraine's infrastructure, at least 300 hospitals."

"Tens of thousands likely killed in Mariupol."

"Russia will not stop unless it is forced to stop."

"We need more help if we are to survive this war."

Market reaction

Markets remain risk-averse in the early European morning with US stock index futures losing between 0.4% and 1%.