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Global Trade Alert

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Canada: Government prohibits the provision of financial and transport services related to Russian oil above USD 60 per barrel

Description

On 2 December 2022, the government of Canada announced the imposition of the "price cap" on Russian oil, effectively prohibiting the provision of financial services related to maritime transportation ...

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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

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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