Market
How will the European Union respond to U.S. sanctions on Russian oil by September 30, 2025?
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Resolution / Starting Odds
Support U.S. sanctions • 25%
Neutral stance • 25%
Oppose U.S. sanctions • 25%
Implement own sanctions • 25%
Official statements from the European Union or major European news outlets
Story
Trump's Treasury Nominee Bessent '100% On Board' for Tougher Sanctions on Russian Oil to End Ukraine War
Jan 16, 2025, 05:52 PM
Scott Bessent, Donald Trump's nominee for Treasury Secretary, expressed strong support for increasing sanctions on Russia, particularly targeting the Russian oil industry, during his confirmation hearing. Bessent criticized the Biden administration's sanctions as not being aggressive enough, suggesting that they were influenced by concerns over rising gas prices during the election. He stated that if confirmed and directed by Trump, he would be '100% on board' with escalating sanctions on major Russian oil companies to levels that could force Russia to negotiate an end to the war in Ukraine. Bessent's stance on sanctions aligns with Trump's strategy to end the conflict in Ukraine.
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Similar markets
EU imposes own sanctions • 25%
EU supports U.S. sanctions • 25%
EU remains neutral • 25%
EU opposes U.S. sanctions • 25%
Remain neutral • 25%
Condemn U.S. sanctions • 25%
Support U.S. sanctions • 25%
Other responses • 25%
Seek alternative markets • 25%
Increase oil production • 25%
Decrease oil exports • 25%
No significant action • 25%
Diplomatic protest only • 25%
Impose sanctions on U.S. • 25%
File WTO complaint • 25%
Other actions • 25%
France • 25%
United Kingdom • 25%
Germany • 25%
Other • 25%
Sanctions on Russian oil companies • 25%
Increased tariffs on Russian oil • 25%
Complete ban on Russian oil imports • 25%
No new sanctions imposed • 25%
Seek alternative markets • 25%
Increase domestic sales • 25%
No significant response • 25%
Reduce production • 25%
