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Crude Alert - Russia Ceasefire Scenarios: Russia and Ukraine agree to a partial ceasefire after talks in Riyadh

Published: 28 March, 2025

Highlights:

  • Russia and Ukraine agree to a partial ceasefire after talks in Riyadh
  • US more likely to lift sanctions on Russia, but the process will take time
  • Would Japan/South Korea follow the US in lifting sanctions?
  • Europe unlikely to restore oil imports from Russia in event of a ceasefire

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