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What will be the reaction of major global oil trading countries to the new sanctions by February 28, 2025?
2
Resolution / Starting Odds
Supportive • 25%
Neutral • 25%
Opposed • 25%
No official reaction • 25%
Official statements from governments or major news outlets covering international relations.
Story
Biden Administration to Sanction Over 100 Russian Tankers Over $60 Price Cap Before Trump's Inauguration
Jan 7, 2025, 03:31 AM
The Biden administration is set to impose new sanctions on Russia's oil exports, targeting over 100 tankers involved in transporting Russian crude oil sold above the $60 per barrel price cap set by Western countries. These sanctions aim to reduce Russia's oil revenues amid its ongoing war with Ukraine. The move comes as part of a broader strategy to enforce the price cap, which was established to limit Russia's financial resources for its military operations while maintaining global energy market stability. The sanctions are expected to be implemented before President-elect Donald Trump's inauguration on January 20, 2025. The sanctions package is rumored to also encompass two Russian oil companies, oil traders, Russian insurance firms, and potentially Chinese banks involved in facilitating Russian oil trades.
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Similar markets
India • 25%
China • 25%
European Union • 25%
Other • 25%
Decrease (below $65 per barrel) • 25%
Increase significantly (above $80 per barrel) • 25%
Increase moderately ($70-$80 per barrel) • 25%
Remain stable ($65-$70 per barrel) • 25%
Seek alternative markets • 25%
Increase domestic sales • 25%
No significant response • 25%
Reduce production • 25%
Decrease • 25%
Increase by 5-10% • 25%
Increase by more than 10% • 25%
No significant change • 25%
Other • 25%
United Kingdom • 25%
Germany • 25%
France • 25%
Seek alternative markets • 25%
No significant action • 25%
Increase oil production • 25%
Decrease oil exports • 25%
Price adjustments • 25%
New trade partners • 25%
Increased use of 'dark fleet' • 25%
Other • 25%
Sanctions are partially lifted • 25%
Sanctions are fully lifted • 25%
New sanctions are imposed • 25%
Sanctions remain unchanged • 25%
Other countries • 25%
China • 25%
European Union • 25%
USA • 25%
No significant change • 25%
Increase by over 10% • 25%
Decrease • 25%
Increase by 5-10% • 25%