A potential resolution to the nearly three-year-old conflict has led to reactions across various financial markets.

Beyond Ukraine, the meeting — attended by U.S. Secretary of State Marco Rubio, Russian Foreign Minister Sergey Lavrov and other senior officials — had been expected to focus on thawing relations between the two countries, whose ties have fallen to their lowest level in decades.

The European Union's diplomatic service has proposed boosting the bloc's military aid for Ukraine, aiming to show continued support for Kyiv as the United States and Russia have begun talks about ending the war.