The United States Congress has passed a significant sanctions bill targeting Russia, marking the first legislative action in over two years in support of Ukraine. The new legislation aims to increase economic and diplomatic pressure on Moscow by targeting its energy and financial sectors as well as its sanctions-evasion networks. Prediction markets now price a ceasefire agreement by December 31, 2026, at 22.5% YES, down from 24% a day earlier. Market participants will closely monitor reactions from Vladimir Putin and Ukrainian President Volodymyr Zelensky, as their responses could further influence market expectations.
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