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Canada: Government lowers the price cap on Russian oil and imposes sanctions against 52 entities from Russia, Lithuania, Türkiye, Libya and China, as well as against 100 vessels

Description

On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment lowers the price cap for seaborne Russian-origin crude oi...

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Intervention Details

Intervention Type

Export-related non-tariff measure, nes

MAST Chapter

P: Export-related measures (incl. subsidies)

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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