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News Brief | May 2014

Ukraine crisis pushes up Brent prices

Brent crude futures have been rising (they rose above $108 a barrel on April 14), supported by rising geopolitical tensions over Ukraine that have raised the risk of a military confrontation with Russia. As the crisis worsens, the United States may step up sanctions, likely targeting Russians close to President Vladimir Putin as well as Russian entities. However, they will not necessarily target entire Russian business sectors such as mining, banking and energy.
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