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Australia: Government lowers price cap on Russian crude oil (February 2026)

Description

On 24 February 2026, the Australian Government prohibited the provision of certain financial services related to the maritime transportation of Russian crude oil above the price cap of USD 44.10 per b...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

24 Feb 2026

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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