Announcement
02 Sep 2022
In September 2022, the government of Canada announced a commitment to imposing a "price cap" on Russia's oil and petroleum products, together with the other G-7 countries.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
02 Sep 2022
Revocation date:
No revocation date
Updated: 02 Sep 2022
Import-related non-tariff measure, nes
In force
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Related State Acts
17 Jun 2025
Canada: Sanctions on various firms and vessels under the Special Economic Measures (Russia) Regulations (June 2025)
17 Jun 2025
Canada: Restrictions on trade with Russia and sanctions against the Russian quantum sector (June 2025)
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Canada: Additional sanctions against Russia in the context of the invasion of Ukraine (November 2023)
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Canada: Additional sanctions against Russian military and nuclear sectors (August 2023)
19 Jul 2023
Canada: Sanctions on Russian entities and arms exports restrictions (July 2023)
19 May 2023
Canada: Sanctions against a Russian publishing company
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Canada: New sanctions on Russian companies (April 2023)
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Canada: Import ban on Russian aluminium and steel
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03 Feb 2023
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EU: Adoption of a price cap mechanism for Russian crude oil and petroleum products, as well as additional trade sanctions
02 Sep 2022
Japan: Finance Ministry echoes G7 statement committing to price cap on Russian oil imports
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United Kingdom: Prohibition of services to Russia’s seaborne oil exports above an agreed price cap
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United States of America: Prohibition of services to Russia’s seaborne oil exports above an agreed price cap
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