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Australia: Government implements price cap of USD 60 per barrel of Russian crude oil

Description

On 7 December 2022, the government of Australia prohibited the provision of certain financial services related to the maritime transportation of Russian oil above the price cap of USD 60 per barrel. T...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

07 Dec 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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