Market
Will Russia take countermeasures against G7 oil sanctions within three months of their imposition?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from the Kremlin or major news outlets
Story
Kremlin Warns G7 Oil Sanctions Would Backfire, Threaten Global Energy Markets
Dec 20, 2024, 10:16 AM
The Kremlin has stated that it will take countermeasures against any new oil sanctions that might be imposed by the Group of Seven (G7) nations. Kremlin spokesman Dmitry Peskov warned that such sanctions would backfire on the countries implementing them and could lead to instability in global energy markets. Peskov emphasized that Russia would act to minimize any consequences and protect its companies, asserting that these measures would ultimately harm those who impose them.
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Diplomatic protest only • 25%
Impose sanctions on U.S. • 25%
File WTO complaint • 25%
Other actions • 25%
Oppose U.S. sanctions • 25%
Support U.S. sanctions • 25%
Neutral stance • 25%
Implement own sanctions • 25%
Remain neutral • 25%
Other responses • 25%
Condemn U.S. sanctions • 25%
Support U.S. sanctions • 25%
EU remains neutral • 25%
EU imposes own sanctions • 25%
EU opposes U.S. sanctions • 25%
EU supports U.S. sanctions • 25%
No significant response • 25%
Economic retaliation • 25%
Diplomatic negotiations • 25%
Increased military actions • 25%
Diplomatic actions • 25%
Cyber retaliation • 25%
Economic sanctions • 25%
Military posturing • 25%
No significant response • 25%
Increase domestic sales • 25%
Reduce production • 25%
Seek alternative markets • 25%