Global Trade Alert
Global Trade Alert

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EU: Reduction in price cap on Russian crude oil to USD 44.1 per barrel

Description

On 15 January 2026, the European Union published Council Regulation (EU) 2026/124, prohibiting EU operators from providing certain commercial and financing services to entities that provide transporta...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

01 Feb 2026

Revocation date

No revocation date

Implementation level

Supranational

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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