Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Zelenskiy urges allies to keep up pressure on Russia ahead of talks with US
    Finance

    Zelenskiy Urges Allies to Keep up Pressure on Russia Ahead of Talks With US

    Published by Global Banking & Finance Review®

    Posted on March 22, 2026

    3 min read

    Last updated: March 22, 2026

    Zelenskiy urges allies to keep up pressure on Russia ahead of talks with US - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceGeopoliticsSanctionsOil Markets

    Quick Summary

    Zelenskiy urged allies on March 22, 2026 to intensify sanctions against Russia—targeting its shadow fleet and oil revenues—while U.S.–Ukraine talks continue without Russian participation. He reaffirmed sanctions as key to undermining Russia’s war funding, emphasizing naval enforcement.

    Table of Contents

    • Sanctions, Negotiations, and the Path to Peace
    • Background on US-Ukraine Talks
    • Zelenskiy's Call for Tougher Sanctions
    • Targeting Russia's Shadow Fleet
    • Recent Actions Against the Shadow Fleet
    • Peace Plan Proposals and Political Challenges
    • US-Backed Peace Plan Elements
    • Challenges to Holding Elections
    • Alternative Perspectives on Peace

    Zelenskiy Calls for Harsher Russia Sanctions Before US-Ukraine Negotiations

    Sanctions, Negotiations, and the Path to Peace

    By Pavel Polityuk

    Background on US-Ukraine Talks

    KYIV, March 22 (Reuters) - Ukrainian President Volodymyr Zelenskiy on Sunday urged allies to keep up sanctions pressure on Russia ahead of a second day of talks between Ukrainian and U.S. delegations on ways to end the four-year-old war, triggered by Russia's full-scale invasion of Ukraine.

    Russian representatives were not present at the latest talks, which opened in Florida on Saturday. They were originally expected to attend the negotiations, which were due to take place in Abu Dhabi.

    The U.S. team is led by special envoy Steve Witkoff and Jared Kushner, President Donald Trump's son-in-law.

    Zelenskiy's Call for Tougher Sanctions

    Targeting Russia's Shadow Fleet

    Zelenskiy, who said on Saturday talks should continue if there was to be an agreement, on Sunday called for tougher action against Russia's so-called shadow fleet and for Moscow to be denied oil revenues.

    "Revenues give Russia a sense of impunity and the ability to continue the war. That is why pressure must continue and sanctions must work," Zelenskiy said on X.

    "Russia's shadow fleet must not feel safe in European waters or anywhere else. Tankers that serve the war budget can and must be stopped and blocked, not just let go," he added.

    Recent Actions Against the Shadow Fleet

    The French Navy seized an oil tanker in the Western Mediterranean last week that President Emmanuel Macron said was part of Russia's shadow fleet, a network of vessels used to export oil despite Western sanctions.

    The shadow fleet, which has grown following Western sanctions on Russia aimed at curbing Moscow's oil revenues, has helped to keep Russian oil exports flowing.

    Peace Plan Proposals and Political Challenges

    US-Backed Peace Plan Elements

    PEACE WON THROUGH WAR

    Elements of the peace plan being promoted by the U.S. include a presidential election in Ukraine, alongside territorial concessions.

    Zelenskiy, whose term has already expired, is under renewed pressure from Trump to hold a vote as Washington pushes Kyiv towards a peace deal.

    Challenges to Holding Elections

    Ukrainian law bars wartime elections, but Zelenskiy has said Ukraine would be ready to hold democratic elections if the U.S. secured a two-month ceasefire to allow time to prepare infrastructure and put security guarantees in place.

    Alternative Perspectives on Peace

    But Ukraine's former top general, Valeriy Zaluzhnyi, now ambassador to Britain and seen as a potential presidential candidate, said Ukraine needed not elections but peace won through war.

    "What Ukraine needs is not time to prepare for and hold elections, but a peace won through war, which will secure a future for our children," he wrote in an article published on Sunday by Ukrainian outlet NV.

    (Reporting by Pavel Polityuk. Editing by Jane Merriman)

    Key Takeaways

    • •Zelenskiy pressed for continued pressure on the so‑called shadow fleet and blocking Russia’s oil revenue as essential to weakening Moscow’s war capability (Reuters)
    • •France recently seized the tanker “Deyna,” part of Russia’s shadow fleet, illustrating Western enforcement of sanctions (apnews.com)
    • •U.S.–Ukraine meetings led by envoy Steve Witkoff and Jared Kushner are ongoing in Florida, as Russia remains absent from these talks (apnews.com)

    References

    • French navy boards a tanker in the Mediterranean suspected of being part of Russia's shadow fleet
    • 4 killed as Russia and Ukraine trade attacks ahead of US talks

    Frequently Asked Questions about Zelenskiy urges allies to keep up pressure on Russia ahead of talks with US

    1Why is Zelenskiy urging continued pressure on Russia?

    Zelenskiy argues that ongoing sanctions are essential to limiting Russia's oil revenues, which fund its war efforts in Ukraine.

    2What is Russia's shadow fleet?

    Russia's shadow fleet refers to vessels used to export oil despite Western sanctions, helping Moscow continue its oil exports.

    3Who is leading the US delegation in the peace talks with Ukraine?

    The US delegation is led by special envoy Steve Witkoff and Jared Kushner.

    4What action did France take against Russia's shadow fleet?

    The French Navy seized an oil tanker in the Mediterranean that was part of Russia's shadow fleet to enforce sanctions.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Next Finance PostOil Prices to Rise Further on Monday as Mideast War Escalates
    More from Finance

    Explore more articles in the Finance category

    Image for Oil prices to rise further on Monday as Mideast war escalates
    Oil Prices to Rise Further on Monday as Mideast War Escalates
    Image for Russia launches first rocket from repaired Baikonur launch pad
    Russia Launches First Rocket From Repaired Baikonur Launch Pad
    Image for Slovenia limits fuel purchases as pumps run dry
    Slovenia Limits Fuel Purchases as Pumps Run Dry
    Image for Cuba begins recovery efforts after second grid collapse in a week
    Cuba Begins Recovery Efforts After Second Grid Collapse in a Week
    Image for Trump and Iran trade threats over energy targets as war escalates
    Trump and Iran Trade Threats Over Energy Targets as War Escalates
    Image for Russia says it downed Ukrainian drones near Bashkortostan refineries
    Russia Says It Downed Ukrainian Drones Near Bashkortostan Refineries
    Image for Exclusive-Patriot missile involved in Bahrain blast likely US-operated, analysis finds
    Exclusive-Patriot Missile Involved in Bahrain Blast Likely US-operated, Analysis Finds
    Image for Trump threatens Iran with power plant strikes over Hormuz blockade
    Trump Threatens Iran With Power Plant Strikes Over Hormuz Blockade
    Image for Volkswagen CEO tells newspaper German carmakers should look to Chinese planning
    Volkswagen CEO Tells Newspaper German Carmakers Should Look to Chinese Planning
    Image for Ukraine says talks on resolving war to continue in US on Sunday
    Ukraine Says Talks on Resolving War to Continue in US on Sunday
    Image for Monte dei Paschi CEO bids for new mandate challenging exclusion
    Monte Dei Paschi CEO Bids for New Mandate Challenging Exclusion
    Image for Greece faces loans challenge after bank crisis recovery, ECB blog says
    Greece Faces Loans Challenge After Bank Crisis Recovery, ECB Blog Says
    View All Finance Posts