Potential sanctions relief on Russia in case of a ceasefire or peace deal for Ukraine will not boost materially Russia’s oil supply to the market, according to Goldman Sachs. As the U.S. and Russia launched talks on Ukraine and potential U.S.-Russia economic rapprochement, oil market participants and analysts have started to consider the possibility that if the peace talks are successful, sanctions on Russia’s oil exports could be eased. Goldman Sachs, however, sees Russia’s oil supply to the market constrained by the self-imposed…
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