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Models of oil barrels and a pump jack are seen in front of EU and Russia flag colors.

REUTERS/Dado Ruvic

What We’re Watching: Drawdown pledge, Europe veers away from Russia, Ethiopian peace hopes dashed, a Gulf non-starter

Fighting continues despite Russia’s drawdown pledge

The Pentagon said it believes the Kremlin was starting to reposition some of its troops away from Kyiv. But Russia continued to pound the Ukrainian capital with airstrikes and artillery while maintaining its ferocious bombardment of the besieged port city of Mariupol. Meanwhile, Russian Foreign Minister Sergey Lavrov said that bilateral peace talks were making “substantial progress,” but Ukrainian officials immediately disputed his claim that Kyiv had accepted the loss of Crimea and the Donbas as a “resolved question.” President Zelensky late Wednesday released a new video in which he said "we don't believe in fancy rhetorical constructions, we believe in what happens on the battlefield."

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