Goldman Sachs analyzes conflict scenarios in the East
22:39
Further escalation of the conflict in the East will have serious consequences for the energy market - analysts of the investment bank Goldman Sachs indicate. The commodity market is already experiencing disruptions caused by the tension on the Kyiv-Moscow line.
Goldman Sachs analysts indicate how the situation may affect the energy sector - and this market in Europe is already affected by, for example, high gas prices, which continue due to the reduction of gas transport via Russia to other countries of the continent.
"Looking at the events in 2014, when Russia made military aggression against Ukraine, it can be expected that sanctions targeting the export of Russian gas or oil are unlikely," the bank's experts pointed out.
In their opinion, the possible negative impact of such sanctions on the Russian economy would be limited by the possibility of redirecting the flow of Russian exports to other markets. This, in turn, would lead to higher oil prices in the world and a real threat of gas shortages in Europe.
Potential long-term energy sanctions will rather focus on the issue of the Nord Stream 2 gas pipeline under construction, which is to transport this fuel from Russia to Germany. It is also possible to extend the 2014 restrictions on the involvement of foreign capital in certain investments.
