Meloni held a phone call with Turkish President Recep Tayyip Erdoğan, during which both leaders discussed diplomatic prospects and reaffirmed their commitment to a “just and lasting peace” in Ukraine.

The European Union has agreed to impose a new round of sanctions against Russia, threatening to slap on another one if the country continues to refuse the 30-day unconditional ceasefire proposed by the White House and the "Coalition of the Willing".

The EU is preparing new sanctions on Russia despite a potential meeting between Vladimir Putin and Volodymyr Zelenskyy on Thursday, three sources told CNBC.

Ukrainian President Volodymyr Zelensky said he is prepared to meet Vladimir Putin this week, shortly after US President Donald Trump urged him to “immediately” accept the Russian leader’s offer to hold peace talks in Turkey.

Iran is preparing for a visit by Russian President Vladimir Putin, Iran's government spokesperson Fatemeh Mohajerani was quoted by Russia's state RIA news agency as saying on Monday.

Ukrainian President Volodymyr Zelenskyy comments mark the latest move in a weekend-long exchange of proposals from both sides on the next steps in the U.S.-led peace effort.

Russian dictator Vladimir Putin must respond to the ceasefire proposal in Ukraine by the end of the day, The Guardian reports. According to German government spokesperson Stefan Kornelius, "the clock is ticking" for Russia.

Ukraine's air force reported an overnight Russian attack involving more than 100 drones, as Russia's President Vladimir Putin rejected Ukrainian President Volodymyr Zelensky 's proposal of an immediate 30-day ceasefire.