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.
Source
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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
Announced: 02 Sep 2022
Import-related non-tariff measure, nes
In force
On 2 September 2022, the Canadian government confirmed the G-7 commitment to introduce a price cap on Russian oil and petroleum products. The confirmation was part of the G7 leaders' joint statement o...
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Related State Acts
Announced: 17 Jun 2025
Canada: Sanctions on various firms and vessels under the Special Economic Measures (Russia) Regulations (June 2025)
Announced: 17 Jun 2025
Canada: Restrictions on trade with Russia and sanctions against the Russian quantum sector (June 2025)
Announced: 21 Feb 2025
Canada: Government announces new trade and financial sanctions on several entities and Russian "shadow fleet" (February 2025)
Announced: 16 May 2024
Canada: Sanctions against Russian entities in relation to the invasion of Ukraine and arms trade with North Korea (May 2024)
Announced: 21 Feb 2024
Canada: Additional sanctions against Russia (February 2024)
Announced: 09 Nov 2023
Canada: Additional sanctions against Russia in the context of the invasion of Ukraine (November 2023)
Announced: 20 Sep 2023
Canada: Additional sanctions against certain Russian entities (September 2023)
Announced: 22 Aug 2023
Canada: Additional sanctions against Russian military and nuclear sectors (August 2023)
Announced: 19 Jul 2023
Canada: Sanctions on Russian entities and arms exports restrictions (July 2023)
Announced: 19 May 2023
Canada: Sanctions against a Russian publishing company
Announced: 11 Apr 2023
Canada: New sanctions on Russian companies (April 2023)
Announced: 10 Mar 2023
Canada: Import ban on Russian aluminium and steel
Announced: 03 Feb 2023
Canada: Price cap on seaborne petroleum products from Russia
Announced: 03 Feb 2023
Canada: Sanctions against more Russian media entities
Announced: 28 Oct 2022
Canada: Government sanctions more Russian energy companies
Announced: 14 Oct 2022
Canada: Government imposes sanctions on the Russian state-owned TV network
Announced: 06 Oct 2022
EU: Adoption of a price cap mechanism for Russian crude oil and petroleum products, as well as additional trade sanctions
Announced: 02 Sep 2022
United Kingdom: Prohibition of services to Russia’s seaborne oil exports above an agreed price cap
Announced: 02 Sep 2022
United States of America: Prohibition of services to Russia’s seaborne oil exports above an agreed price cap
Announced: 02 Sep 2022
Japan: Finance Ministry echoes G7 statement committing to price cap on Russian oil imports
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