Loading...
Market
Type of U.S. sanctions on Russian oil by June 30, 2025?
2
Resolution / Starting Odds
Complete ban on Russian oil imports • 25%
Increased tariffs on Russian oil • 25%
Sanctions on Russian oil companies • 25%
No new sanctions imposed • 25%
U.S. Treasury Department announcements or major news outlets detailing the type of sanctions imposed
Story
Trump's Treasury Nominee Bessent Backs Tougher Sanctions on Russian Oil to End Ukraine War
Jan 16, 2025, 05:11 PM
Scott Bessent, Donald Trump's nominee for U.S. Treasury Secretary, expressed his support for intensifying sanctions on Russia, particularly targeting the Russian oil industry, during a Senate hearing. Bessent criticized the Biden administration's sanctions as insufficient, stating that they were too concerned about the impact on gas prices during the election. He indicated that he would be '100% on board' for increasing sanctions on Russian oil majors to levels that could compel Russia to negotiate an end to the war in Ukraine, should President Trump direct him to do so. Bessent's stance is seen as a potential shift in U.S. policy towards more aggressive economic measures against Russia.
View original story
Similar markets
Other • 25%
Crude oil • 25%
Refined products • 25%
Natural gas • 25%
Significant impact • 25%
Moderate impact • 25%
Minimal impact • 25%
No impact • 25%
Insurance • 25%
Oil Trading • 25%
Banking • 25%
Shipping • 25%
Moderate decrease in exports • 25%
Increase in exports • 25%
No significant change in exports • 25%
Significant decrease in exports • 25%
Germany • 25%
United Kingdom • 25%
Other • 25%
France • 25%