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 Zelenskyy has stated that if his conversation with Kremlin leader Vladimir Putin does take place, he will negotiate a full ceasefire. Source: Zelenskyy speaking to journalists on 13 May Quote: "We will do everything to make this meeting happen.

Ukrainian President Volodymyr Zelenskyy accepted Russian President Vladimir Putin's offer to meet in-person in Turkey on Thursday.

Ukraine has called on Brazil to support the initiative for a 30-day ceasefire and to assist in organizing a direct meeting between President Volodymyr Zelenskyy and Russian President Vladimir Putin, reports Ukrainian Foreign Minister Andriy Sybiha.