Market
Which countries will be most affected by U.S. sanctions on Russian oil by April 30, 2025?
2
Resolution / Starting Odds
European Union • 25%
China • 25%
India • 25%
Other • 25%
Economic impact assessments from international organizations like the IMF or World Bank
Story
Biden Administration Considers Harsher Sanctions on Russia's Oil Exports, Oil Prices Near $69 Ahead of Trump's Return
Dec 11, 2024, 08:54 AM
The Biden administration is reportedly considering the imposition of harsher sanctions on Russia's oil exports as part of an effort to increase pressure on the Kremlin. This potential move comes just weeks before Donald Trump is set to return to the White House. The sanctions are aimed at targeting Russia's lucrative oil trade, a significant source of revenue for the country amid ongoing conflicts. Biden's team appears willing to take more aggressive action despite previous hesitations due to concerns over rising fuel prices and the implications for the upcoming presidential elections. Reports indicate that the new restrictions could impact various types of Russian oil exports, potentially mirroring sanctions previously imposed on Iran. In related market news, crude oil prices have been rising, with WTI nearing $69 per barrel, driven by improved demand outlooks from China and the anticipation of U.S. sanctions against Russia.
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Oil Trading • 25%
Banking • 25%
Shipping • 25%
Insurance • 25%
United States • 25%
United Kingdom • 25%
European Union • 25%
Other • 25%
Increase in exports • 25%
Moderate decrease in exports • 25%
Significant decrease in exports • 25%
No significant change in exports • 25%
Increase by 5-10% • 25%
Decrease • 25%
No significant change • 25%
Increase by more than 10% • 25%
European Union • 25%
Other countries • 25%
China • 25%
USA • 25%
Refined products • 25%
Crude oil • 25%
Natural gas • 25%
Other • 25%
Germany • 25%
Other • 25%
France • 25%
United Kingdom • 25%
All of the above • 25%
Only Russian tankers • 25%
Russian tankers and individuals • 25%
Russian tankers and Chinese banks • 25%
Increase domestic sales • 25%
No significant response • 25%
Seek alternative markets • 25%
Reduce production • 25%
Rosneft • 25%
Lukoil • 25%
Other • 25%
Gazprom Neft • 25%
Moderate negative impact • 25%
Positive impact • 25%
Significant negative impact • 25%
No significant impact • 25%