The EU adopted its 20th sanctions package against Russia, targeting energy and military sectors. The Russia-Ukraine ceasefire by May 31 market now sits at
The package passed after Hungary and Slovakia lifted their vetoes. It bans maritime services for Russian crude and restricts metals imports. The May 31 market saw increased trading activity as the package’s details emerged, though only $891 in USDC traded, with sentiment running bearish.
The sanctions arrived alongside the EU’s approval of a €90 billion loan for Ukraine, adding more economic pressure on Moscow. The ceasefire market, priced at 3.8% YES, has a 38-day window until resolution. It costs $1,958 to move the odds by 5 percentage points, enough to deter minor speculators but not a large barrier.
New sanctions make a near-term ceasefire less likely because they give Russia less incentive to negotiate and more reason to dig in. Buying YES shares at
Watch for official statements from the Kremlin or Kyiv on peace talks or military operations. Any shift in negotiating positions could move this market fast.
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