UN Security Council adopts resolution calling for swift end to Russia-Ukraine conflict

The UN Security Council on Monday adopted a U.S.-drafted resolution appealing for a swift end to the conflict and urging a lasting peace between Russia and Ukraine, as the world marked the third anniversary since the full escalation of the crisis.

The resolution received 10 votes in favor, including China, the United States, and Russia, with none against, and five abstentions from France, Britain, Denmark, Greece and Slovenia.

The document submitted by the U.S., which mirrored an earlier one passed by the UN General Assembly, calls for a swift end to the conflict with a lasting peace between Russia and Ukraine.

Acting U.S. Ambassador to the UN Dorothy Shea told the council that this resolution is not a "peace deal," but "a path to peace."

Prior to the vote, France, the United Kingdom, and Greece proposed a motion to postpone the vote until Tuesday afternoon. However, the motion failed to gain support.

European countries also introduced three amendments to the resolution. One of these amendments failed to secure enough votes, while the other two were vetoed by Russia. Besides, two amendments proposed by Russia were also rejected due to insufficient support.

Earlier in the day, the UN General Assembly rejected the U.S. draft and passed a resolution submitted by Ukraine and European allies, which backs Ukraine's sovereignty, independence, unity and territorial integrity and calls for a just, lasting and comprehensive peace in line with the UN Charter.

Resolutions in the UN Security Council are binding under international law.

UN Security Council adopts resolution calling for swift end to Russia-Ukraine conflict

UN Security Council adopts resolution calling for swift end to Russia-Ukraine conflict

UN Security Council adopts resolution calling for swift end to Russia-Ukraine conflict

UN Security Council adopts resolution calling for swift end to Russia-Ukraine conflict

Oil prices rose on Wednesday.

The West Texas Intermediate for February delivery increased by 87 cents, or 1.42 percent, to settle at 62.02 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery gained 1.05 dollars, or 1.6 percent, to settle at 66.52 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher