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Main Focus of US Sanctions on Russian Oil Tankers by Jan 20, 2025
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Resolution / Starting Odds
Safety of vessels • 25%
Price cap enforcement • 25%
Targeting shadow fleet • 25%
All of the above • 25%
U.S. government press releases and policy documents
Story
Biden Administration to Sanction Russian Oil Tankers Above $60/Barrel Cap Before Trump's Inauguration
Jan 6, 2025, 07:17 AM
The Biden administration is set to impose additional sanctions on tankers carrying Russian oil, targeting vessels that transport oil sold above the $60 per barrel price cap established by Western countries. These measures aim to reduce Russia's oil revenue, which has been used to fund its war in Ukraine. The sanctions will focus on Russia's 'shadow fleet' of aging vessels, which are often unsafe and prone to oil spills. The U.S. has already sanctioned dozens of such ships since Russia's 2022 invasion of Ukraine. The new sanctions package is expected to be significant and may also target individuals involved in trading oil above the cap, as well as potentially extend to Chinese banks supporting such transactions. The administration plans to enact these sanctions before the inauguration of President-elect Donald Trump on January 20, 2025.
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Similar markets
Natural gas • 25%
Other • 25%
Crude oil • 25%
Refined products • 25%
Military supplies • 25%
Energy sector • 25%
Financial institutions • 25%
Technology exports • 25%
Oil Trading • 25%
Shipping • 25%
Banking • 25%
Insurance • 25%
11-20 • 25%
21-30 • 25%
0-10 • 25%
31 or more • 25%
No significant policy changes • 25%
Improving tanker safety standards • 25%
Enhancing environmental protection regulations • 25%
Strengthening oil spill response capabilities • 25%
Other • 25%
Price adjustments • 25%
New trade partners • 25%
Increased use of 'dark fleet' • 25%
No • 50%
Yes • 50%
