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How will Russian crude oil prices be affected by the new sanctions by March 31, 2025?
2
Resolution / Starting Odds
Increase above $70 • 25%
Remain between $60-$70 • 25%
Decrease below $60 • 25%
No significant change • 25%
Crude oil price data from reputable financial news sources like Bloomberg or Reuters.
Story
Biden Administration to Sanction Over 100 Russian Tankers Over $60 Price Cap Before Trump's Inauguration
Jan 7, 2025, 03:31 AM
The Biden administration is set to impose new sanctions on Russia's oil exports, targeting over 100 tankers involved in transporting Russian crude oil sold above the $60 per barrel price cap set by Western countries. These sanctions aim to reduce Russia's oil revenues amid its ongoing war with Ukraine. The move comes as part of a broader strategy to enforce the price cap, which was established to limit Russia's financial resources for its military operations while maintaining global energy market stability. The sanctions are expected to be implemented before President-elect Donald Trump's inauguration on January 20, 2025. The sanctions package is rumored to also encompass two Russian oil companies, oil traders, Russian insurance firms, and potentially Chinese banks involved in facilitating Russian oil trades.
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Similar markets
Remain stable ($65-$70 per barrel) • 25%
Decrease (below $65 per barrel) • 25%
Increase significantly (above $80 per barrel) • 25%
Increase moderately ($70-$80 per barrel) • 25%
Increase by 5-10% • 25%
Decrease • 25%
No significant change • 25%
Increase by more than 10% • 25%
Reduce production • 25%
Seek alternative markets • 25%
Increase domestic sales • 25%
No significant response • 25%
Increase in Russian oil revenue • 25%
No significant impact on Russian oil revenue • 25%
Moderate reduction in Russian oil revenue • 25%
Significant reduction in Russian oil revenue • 25%
Significant economic downturn • 25%
Economic growth • 25%
Moderate economic impact • 25%
Minimal economic impact • 25%
Moderate decrease • 25%
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No significant change • 25%
Significant decrease • 25%
No • 50%
Yes • 50%
European Union • 25%
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India • 25%
China • 25%
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Other • 25%
New trade partners • 25%
Increased use of 'dark fleet' • 25%
Shipping • 25%
Oil Trading • 25%
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