Indian shares look set to open higher on Monday as a U.S.-Russia deal on 500,000 metric tons of fuel to reach international markets cast doubt on the likelihood of the White House imposing new sanctions on Russia.

Additionally, U.S. President Donald Trump said that Russia and Ukraine had agreed to an “energy ceasefire” effective immediately, pressuring Ukraine to halt attacks on Russian refineries and threatening to cut intelligence and weapons support if Kyiv didn’t comply.

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