Goldman Sachs Warns: Russian Oil Sanctions Could Push Prices Above $85 Per Barrel:
Analysts at the U.S. investment bank Goldman Sachs warned in an analytical note on Monday
that tighter sanctions on Russian oil imposed
by the United States and the United Kingdom could further increase global oil prices.

Contents

Dutch Pension Fund

People’s Bank of China Governor

Goldman Sachs Warning

Dutch Pension Fund “ABP” Sells Its Entire Stake in Tesla

The Dutch pension fund “ABP,” one of the largest in Europe,
announced that it had fully divested its investment in Tesla during the third quarter of last year.
The value of the stake sold by the fund amounted to approximately €571 million ($585 million).

According to the Dutch newspaper “Het Financieele Dagblad,”
the decision to sell was driven by disagreements with the company over CEO Elon Musk’s compensation package,
which reached a record $56 billion.
The fund also expressed objections to the company’s working conditions.
Last June, the fund voted against Musk’s compensation package,
describing it as excessive and controversial.

In December 2024, a judge in Delaware rejected this package again despite shareholder approval,
stating that the matter needed further review.

People’s Bank of China Governor: Upcoming Steps to Strengthen the Chinese Economy

During a press conference this morning, the governor of the People’s Bank of China, Pan Gongsheng,

announced that the central bank would employ monetary policy tools to ensure ample liquidity in the market.
He highlighted plans to cut interest rates and reserve requirement ratios (RRR) for banks.
The governor emphasized that China’s economy has demonstrated resilience in facing challenges and risks in recent years,
expressing confidence in the government’s ability to achieve economic stability.

Pan stated that China plans to significantly increase its fiscal deficit to boost investment and domestic consumption,
focusing on improving consumer demand and supporting the real estate market to achieve balance.
He also pointed to the importance of allocating foreign exchange reserves in Hong Kong
to help the monetary authority there and renew the offshore yuan market.

The governor affirmed that China would remain a driving force for global economic growth,
stressing the need to shift policies to foster consumption and investment and enhance economic development.

Goldman Sachs Warns: Russian Oil Sanctions Could Push Prices Above $85 Per Barrel

Analysts at the U.S. investment bank Goldman Sachs warned in an analytical note on Monday
that tighter sanctions on Russian oil imposed by the United States and the United Kingdom
could lead to further increases in global oil prices.

The analysts predicted that these sanctions would drive Brent crude prices above $85 per barrel
mark amid declining global supplies, mainly after OPEC postponed its planned production increase to April.

This warning follows a rise in oil prices last Friday after
the United States and the United Kingdom announced new sanctions targeting 180 shipping vessels,
dozens of traders, and two major companies in the Russian oil sector.

Goldman Sachs Warns: Russian Oil Sanctions Could Push Prices Above $85 Per Barrel

Goldman Sachs Warns: Russian Oil Sanctions Could Push Prices Above $85 Per Barrel

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