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Barclays analysts said in a report that if there is substantial progress in resolving the Russia-Ukraine conflict at the Russia-US summit, the euro and currencies in Central and Eastern Europe may strengthen. They stated that the euro, Hungarian forint, Polish zloty, and Czech koruna would benefit the most from any positive news, as these currencies are very sensitive to oil supply disruptions and the Central and Eastern European region is close to the conflict area. On the other hand, the Swiss franc may depreciate if progress towards a ceasefire is made, as it is seen as a safe-haven currency. The Norwegian krone and Brazilian real may also come under pressure due to their status as oil-producing countries.