European Union (EU) Foreign Policy Chief Josep Borrell said Thursday, the Union “will adopt the harshest package of sanctions ever implemented.

Meanwhile, French President Emmanuel Macron condemned Russia's military actions in Ukraine, tweeting out, “France strongly condemns the decision of Russia to start a war with Ukraine. Russia must immediately put an end to its military operations."

The broader market sentiment remains sour, reflective of the 2.50% slump in the S&P 500 futures while gold price consolidates the staggering rally below $1,950.