Russia-Ukraine talks done for the day; EU agrees to fresh sanctions

An anti-war protester interrupted a live news bulletin on Russia's state TV Channel One on Monday, holding up a sign behind the studio presenter and shouting slogans denouncing the war in Ukraine.

The sign, in English and Russian, read: "NO WAR. Stop the war. Don't believe propaganda. They are lying to you here." Another phrase, which looked like "Russians against war", was partly obscured.

The extraordinary act of dissent took place on day 19 of the war which began when Russia invaded Ukraine on Feb. 24 in what it calls a special military operation.

—Reuters

On Monday, U.S. national security advisor Jake Sullivan met in Rome with Yang Jiechi, director of the foreign affairs office for the Chinese Communist Party's central committee, according to official statements.

The two sides had a "candid, in-depth and constructive communication" on bilateral relations, as well as international and regional issues of mutual concern, according to a state media report. This readout focused on China-U.S. relations, while mentioning Ukraine as a topic of discussion.

In a separate readout that focused on Ukraine, Yang repeated Beijing's position that the situation in Ukraine has reached a point that China does not want to see.

He said the international community should push for negotiations that cool the down the situation as soon as possible, the report said.

— Evelyn Cheng

NATO leaders are discussing holding an extraordinary meeting in Brussels late next week, according to U.S. and foreign officials, which President Joe Biden and other heads of state would attend, CNBC's Kayla Tausche reported.

The planning has not yet been finalized, the officials added.

—Riya Bhattacharjee

Photos show the aftermath of bombing in Okhtyrka, a city in eastern Ukraine.

Talks between Ukrainian and Russian officials will restart Tuesday, a member of Kyiv's delegation said.

"A technical pause has been taken in the negotiations until tomorrow," Mykhailo Podolyak, an advisor to Ukrainian President Volodymyr Zelenskyy, wrote in a tweet after Monday's negotiations between the sides. "For additional work in the working subgroups and clarification of individual definitions. Negotiations continue..."

Even as the two countries carry out talks, Russia has continued its destructive assault on its neighbor.

— Jacob Pramuk

The S&P 500 and the Nasdaq Composite ended Monday's trading session with losses. The broad-market index slid by less than 1%, and the tech-heavy Nasdaq dropped 2%. The Dow Jones Industrial Average gained one point to close at 32,945.

Bond yields also leapt on Monday, as investors prepared for the Federal Reserve's key meeting Wednesday. The central bank is expected to announce its first interest rate hike since Dec. 2018. The 10-year Treasury jumped to just over 2%, the highest level since July 2019.

U.S. crude oil, which jumped as high as $130 last week, slumped on Monday. West Texas Intermediate crude futures fell by more than 8% to trade at $99.76 per barrel at the lows of the day. The international benchmark Brent crude also slumped 8% to $103.68 a barrel. Ultimately, both oil benchmarks trimmed their losses, with WTI settling 5.78% lower at $103.68. Brent ended the session at $106.90, down 5.1%.

— Darla Mercado

Putin's invasion of Ukraine will set the Russian economy back 30 years and erase decades of gains made in moving its citizens into the global middle class, experts told CNBC this week.

After decades of opening its economy to the West, the recent exodus from Russia of global brands will trigger a profound shift in how middle-class citizens make and spend their money.

As the country’s economy collapses under the weight of unprecedented international sanctions, the ruble has lost around 40% of its value against the dollar.

This economic fallout could also create domestic political problems for President Vladimir Putin.

Experts believe the standard of living in Russia will plummet in the next five years, raising questions about whether voters will become disillusioned enough with Putin to challenge his absolute authority.

— Christina Wilkie

National security adviser Jake Sullivan discussed Russia's ongoing war in Ukraine with China's top diplomat, Yang Jiechi, in Rome on Monday.

The U.S. delegation underscored the "importance of maintaining open lines of communication between the United States and China," according to a White House summary of the meeting.

The high-stakes discussion, which included officials from the National Security Council and State Department, follows warnings from Washington that Beijing should not alleviate any economic pressure mounting on Moscow.

— Amanda Macias

Turkish President Recep Tayyip Erdogan did not rule out buying additional Russian weapons despite Moscow's war in Ukraine.

Erdogan, who spoke alongside German Chancellor Olaf Scholz, said Ankara would continue to meet its NATO commitments to Ukraine but that it would be "premature" to cancel future weapons agreements with Russia.

"Under the current circumstances, it would be premature to talk about what the future shows right now. We have to see what the conditions bring," Erdogan said on Monday. "We have to maintain our friendship with Mr. Zelenskyy and Mr. Putin," he added.

In 2017, Erdogan brokered with Russian President Vladimir Putin a reported $2.5 billion deal for the S-400 missile system. The S-400, a mobile surface-to-air missile system, is said to pose a risk to the NATO alliance as well as the F-35 aircraft, America's most expensive weapons platform.

Despite warnings from the United States and other NATO allies, Turkey accepted the first of four missile batteries in July 2019. The Trump administration cut Turkey, a financial and manufacturing partner, from the F-35 program and imposed sanctions on the NATO ally.

— Amanda Macias

European Union member states agreed on a fourth sanctions package against Russia, the office of the French EU presidency wrote on Twitter on Monday.

In a three-part tweet, the French presidency also wrote that Russia's "most-favored nation" trade status with the World Trade Organization would be revoked. Other details of the sanctions were not disclosed.

European Commission President Ursula von der Leyen has previously said the EU was working to suspend Russia's membership rights of leading multilateral institutions like the International Monetary Fund and the World Bank.

— Amanda Macias

The White House is considering a presidential trip to Europe in the coming weeks, multiple outlets reported Monday, citing anonymous sources.

A visit by President Joe Biden would amplify the effort to shore up American alliances in Europe as Russia's brutal invasion of Ukraine escalates.

Since the start of Russia's unprovoked attack on Ukraine in late February, Biden has played a leading role in marshaling NATO allies and G-7 countries to counter Russian President Vladimir Putin using a combination of economic sanctions and military deterrence.

If he were to visit Europe, Biden would lik