"We have maintained that the parties need to talk to each other, parties need to be engaged and if there is anything that we can do to facilitate that engagement, we are more than happy to do. As we go along we will try and be as helpful as possible," he said.
On Western sanctions on Russia, the foreign secretary said certain unilateral sanctions were already existing and that some additional sanctions have now been imposed.
"But this is an evolving situation as I said and we have to see what sort of impact these sanctions will have on our own interests. Clearly, we need to study this carefully because any sanction will have an impact on our existing relationship. I think it would only be correct to acknowledge that factor," he said.
"Actual impact of the sanctions needs to be studied carefully and we will do that," he said.
Asked about a draft UN Security resolution on Ukraine, Shringla said India has seen it.
"I am told that that would undergo considerable changes. We will wait to see the shape that the resolution takes before we can pronounce ourselves and the position that we will take on the issue," he said.
On criticism against the government for not evacuating the Indian citizens from Ukraine before the escalation of the situation, Shringla said it can be viewed that way retrospectively.
"But it is an evolving situation and we are dealing with it," he said, adding every possible effort is being made to evacuate the citizens.
Earlier in the day, the Indian ambassador to Ukraine, Partha Satpathy, called on Indians to face the current situation with "calm and fortitude" as the situation is "highly tense and very uncertain".
The envoy said the MEA and the embassy are working on a "mission mode" to find a "solution to this difficult situation".
In the midst of the Russian offensive, European Union's High Representative for foreign affairs Josep Borrell spoke to Jaishankar and discussed the "grave situation" and how India could contribute to de-escalating the situation.
"Received a call from EU HRVP @JosepBorrellF. Discussed the grave situation in Ukraine and how India could contribute to de-escalation efforts," Jaishankar tweeted.
The 27-nation European Union has been playing a key role to defuse the crisis.
Jaishankar also spoke to his British counterpart Liz Truss on the situation in Ukraine.
In its latest advisory, the Indian embassy said the movement of people is now difficult in Ukraine as it is under martial law and those hearing air sirens and bomb warnings should find nearby bomb shelters.
"We are aware that certain places are hearing air sirens/bomb warnings. In case you are faced with such a situation, Google maps have a list of nearby bomb shelters, many of which are located in underground metros," it said.
"While the mission is identifying a possible solution to the situation, please be aware of your surroundings, be safe, do not leave your homes unless necessary and carry your documents with you at all times," it said.
Ambassador Satpathy said the Indian embassy in Kyiv continues to remain open and operate.
"I am reaching out to you from Kyiv. Today early morning, we all woke up with the news that Ukraine is under attack. The situation is highly tense and very uncertain and this of course is causing a lot of anxiety," he said.
"The air space is closed, railway schedules are in flux and roads are crammed. I would request everyone to stay calm and face the situation with fortitude," Satpathy said.
He said the embassy has already reached out to the Indian diaspora in Ukraine and requested them to assist the Indians to the "best of their abilities".
"I urge you to please stay wherever you are, in your familiar locations. Those who are in transit, please return to your familiar places of habitation," he said.
"Those who are stranded here in Kyiv, please get in touch with your friends and colleagues in Kyiv, universities and other community members, so that you can temporarily lodge there," Satpathy said.
In one of its advisories, the Indian embassy said: "All those who are travelling to Kyiv, including those travelling from western parts of Kyiv, are advised to return to their respective cities temporarily, especially towards safer places along with the western bordering countries."
In a related development, Ukraine's Ambassador to India Igor Polikha said India has a "special" relationship with Russia and it can play a more proactive role in de-escalation of the situation.
He said Modi is among very few leaders who Putin listens to and New Delhi can use its proximity with Moscow to control the situation.
At the same time, he said Ukraine was "deeply dissatisfied" with India's position on the crisis.
Asked about the Ukrainian envoy's comment that his country was dissatisfied with India's stand, Shringla said: "I do not think there should be any sense that we are speaking to one party and not to another."
India has been pressing for de-escalation of tensions taking into account the legitimate security interests of all countries.