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Russia: Government prohibits the crude oil exportation under price cap conditions

Description

On 28 January 2023, the government of Russia issued decree No. 118, prohibiting the exportation of crude oil to buyers observing the price cap imposed as part of sanctions against Russia. The new dec...

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Intervention Details

Intervention Type

Export ban

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

01 Feb 2023

Revocation date

31 Dec 2024

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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