In a video address to the Lithuanian parliament on Tuesday, Ukrainian President Volodymyr Zelenskyy called on the European Union to sanction all Russian banks and oil imports in the next package, as reported by Reuters.

"If there is still no clarity of banning Russian gas, no one can be sure there is a will to stop Russian war crimes," Zelenskyy added. "In all Ukrainian towns where Russians stayed for a period of time, occupants did the same as in Bucha."

Market reaction

Markets remain cautious on Tuesday with the US stock index futures trading little changed on the day.