Market
What will be Scott Bessent's first major policy decision as Treasury Secretary by June 30, 2025?
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Resolution / Starting Odds
Sanctions on Russia • 25%
Tax reform proposal • 25%
Financial regulation changes • 25%
Other policy focus • 25%
Official announcements from the U.S. Department of Treasury or major 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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Investment incentives • 25%
Other • 25%
Supply chain security • 25%
Sanctions strategy • 25%
Deregulation • 25%
Cryptocurrency adoption • 25%
Tax cuts • 25%
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Trade policy realignment • 25%
Cryptocurrency regulation • 25%
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Confirmed • 25%
Tariffs on China • 25%
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Trade Policy • 25%
Financial Deregulation • 25%
Tax Reform • 25%
Cryptocurrency Regulation • 25%
Withdrawn • 34%
Confirmed • 33%
Rejected • 33%
New tariffs introduced • 25%
Tax cuts for manufacturers • 25%
Increased sanctions • 25%
No major changes • 25%
Middle East • 25%
Asia • 25%
Europe • 25%
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Financial regulation • 25%
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Tax reform • 25%
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Debt Management • 25%
Tax Reform • 25%
Financial Regulation • 25%