Putin cancels plan to storm last stronghold in Ukraine's Mariupol. Follow our live updates

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Putin cancels plan to storm last stronghold in Ukraine's Mariupol. Follow our live updates
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The Russian president is choosing instead to seal off the vast Azovstal steel plant, where several thousand Ukrainian troops and civilians are encamped.

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

"I consider the proposed storming of the industrial zone unnecessary," Putin said in a televised meeting at the Kremlin with his defense minister, Sergei Shoigu. "I order you to cancel it." He cited preserving the lives of Russian soldiers in his reasoning. Ukrainian forces in Mariupol on Wednesday issued a plea for more weapons and support from the West, warning that they were facing their final days, if not hours, in their fight to defend the city — but vowing to fight until the "last drop of blood."

"This could affect how quickly and forcefully they attempt to conduct operations in the run-up to this date," the U.K. ministry said. Ukraine wants to cut Russia off from financing its military activities with oil revenues, Ukrainian PresidentThe plan is to restrict key sectors in Russia — including energy and banking, as well as export-import operations, transport, he said.

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