Russia's foreign ministry said on Tuesday that Moscow would need to first ratify the treaties with the breakaway regions of Ukraine before discussing their exact borders, Reuters reported citing the RIA news agency.

Meanwhile, regarding possible talks between US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov, "Russia is always open to talks and diplomacy, the ministry reiterated, per Ifax.

Market reaction

Markets remain risk-averse early Tuesday following these remarks As of writing, the US Dollar Index was posting small daily gains above 96.00 and the S&P Futures were down more than 2%.