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United Kingdom: Government lowers Russian crude oil price cap to USD 44.10 per barrel

Description

On 15 January 2026, the UK government, in coordination with the European Union, announced a reduction of the crude oil price cap on Russian exports from USD 47.60 to USD 44.10 per barrel. As a result ...

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Intervention Details

Intervention Type

Export-related non-tariff measure, nes

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

31 Jan 2026

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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