KYIV/MOSCOW, Feb 28 (Reuters) – Russia’s political and economic isolation deepened on Monday as its forces met stiff resistance in Ukraine’s capital and other cities in the biggest assault on a European state since World War Two.
President Vladimir Putin put Russia’s nuclear deterrent on high alert on Sunday in the face of a barrage of Western-led reprisals for his war on Ukraine, which said it had repelled Russian ground forces’ attempts to capture urban centres.
Ukraine said negotiations with Moscow without preconditions would be held at the Belarusian-Ukrainian border. Russian news agency Tass cited an unidentified source as saying the talks would start on Monday morning.
U.S. President Joe Biden will host a call with allies and partners on Monday to coordinate a united response, the White House said.
As missiles rained down, nearly 400,000 civilians, mainly women and children, have fled into neighbouring countries, a U.N. relief agency said.
A senior U.S. defence official said Russia had fired more than 350 missiles at Ukrainian targets so far, some hitting civilian infrastructure.
Ukrainian President Volodymyr Zelenskiy told British Prime Minister Boris Johnson by telephone on Sunday that the next 24 hours would be crucial for Ukraine, a Downing Street spokesperson said.
So far, the Russian offensive cannot claim any major victories. Russian has not taken any Ukrainian city, does not control Ukraine’s airspace, and its troops remained roughly 30 km (19 miles) from Kyiv’s city centre for a second day, the official said.
Russia calls its actions in Ukraine a “special operation” that it says is not designed to occupy territory but to destroy its southern neighbour’s military capabilities and capture what it regards as dangerous nationalists.
Western-led political, strategic, economic and corporate sanctions were unprecedented in their extent and coordination, and there were further pledges of military support for Ukraine’s badly outgunned armed forces.
The rouble plunged nearly 30% to an all-time low versus the dollar, after Western nations on Saturday unveiled harsh sanctions including blocking some Russian banks from the SWIFT international payments system.
Japan and South Korea said they would join in the action to block some banks from SWIFT. South Korea, a major exporter of semiconductors, would also ban exports of strategic items to Russia.
Singapore, a financial and shipping hub, said it intended to impose sanctions and restrictions on Russia, the Straits Times newspaper reported.
Japan said was also considering imposing sanctions against some individuals in Belarus, a key staging area for the Russian invasion.
A referendum in Belarus on Sunday approved a new constitution ditching the country’s non-nuclear status.
Several European subsidiaries of Sberbank Russia, majority owned by the Russian government, were failing or were likely to fail due to reputational cost of the war in Ukraine, the European Central Bank said.
Russia’s central bank scrambled to manage the broadening fallout of the sanctions saying it would resume buying gold on the domestic market, launch a repurchase auction with no limits and ease restrictions on banks’ open foreign currency positions.