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How will Russia respond to potential G7 oil sanctions by June 30, 2025?
2
Resolution / Starting Odds
Increase oil production • 25%
Decrease oil exports • 25%
Seek alternative markets • 25%
No significant action • 25%
Official statements from the Kremlin or major news outlets
Story
Kremlin Warns G7 Oil Sanctions Would Backfire, Threaten Global Energy Markets
Dec 20, 2024, 10:16 AM
The Kremlin has stated that it will take countermeasures against any new oil sanctions that might be imposed by the Group of Seven (G7) nations. Kremlin spokesman Dmitry Peskov warned that such sanctions would backfire on the countries implementing them and could lead to instability in global energy markets. Peskov emphasized that Russia would act to minimize any consequences and protect its companies, asserting that these measures would ultimately harm those who impose them.
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Similar markets
Reduce production • 25%
Increase domestic sales • 25%
Seek alternative markets • 25%
No significant response • 25%
Other measures • 25%
Increase gold reserves • 25%
Establish Bitcoin reserve • 25%
Strengthen trade with non-sanctioning countries • 25%
Economic retaliation • 25%
No significant response • 25%
Diplomatic negotiations • 25%
Increased military actions • 25%
Military posturing • 25%
Diplomatic protest • 25%
Economic sanctions on Japan • 25%
No significant response • 25%
Increased use of 'dark fleet' • 25%
Other • 25%
Price adjustments • 25%
New trade partners • 25%
Crude oil • 25%
Refined products • 25%
Natural gas • 25%
Other • 25%
Yes • 50%
No • 50%
Oil Trading • 25%
Shipping • 25%
Banking • 25%
Insurance • 25%
Other • 25%
No significant impact • 25%
Increased economic pressure on Russia • 25%
Russia retaliates with counter-sanctions • 25%
No significant change • 25%
Decrease below $60 • 25%
Remain between $60-$70 • 25%
Increase above $70 • 25%