The Kremlin on Wednesday dismissed speculation that President Vladimir Putin planned to declare war against Ukraine and declare a national mobilisation on May 9 when Russia commemorates the Soviet Union's victory in World War Two.

Commenting on speculation that Putin will declare war against Ukraine on May 9, Kremlin spokesman Dmitry Peskov said: "There is no chance of that. It's nonsense."

Putin is set to deliver a speech on May 9 and oversee a military parade on Moscow's Red Square.

(Reporting by Reuters; editing by Guy Faulconbridge)