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Global Trade Alert

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United Kingdom: Government lowers Russian crude oil price cap to USD 47.60 per barrel

Description

On 18 July 2025, the UK government, in coordination with the European Union, announced a reduction of the crude oil price cap on Russian exports from USD 60 to USD 47.60 per barrel. As a result of thi...

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Intervention Details

Intervention Type

Export-related non-tariff measure, nes

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

02 Sep 2025

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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