Economic backlash against Russia mounts after talks with Ukraine end with no resolution

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Economic backlash against Russia mounts after talks with Ukraine end with no resolution
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Russia and Ukraine say first talks have ended, Macron urges Putin to stop attack.

This is CNBC's live blog tracking Monday's developments in Russia's attack on Ukraine. See below for the latest updates.

Ukrainian and Russian officials wrapped up a critical round of talks Monday near the border with Belarus. Officials from both countries said the sides could hold more negotiations amid Moscow's invasion of Ukraine. Ukraine's armed forces continue to hold off Russian troops, defending and retaining control of key cities, and slowing Russia's advance on Kyiv.

Meanwhile, the central bank of Russia more than doubled its key interest rate on Monday, as the ruble plummeted after heavy sanctions were imposed on Moscow by the West.

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