Global Trade Alert
Global Trade Alert

EU: Adoption of a price cap mechanism for Russian crude oil and petroleum products, as well as additional trade sanctions

Announcement

06 Oct 2022

In October 2022, the EU extended additional sanctions against Russia in the context of its invasion of Ukraine. The package includes the establishment of a price cap mechanism for Russian oil and a series of trade sanctions. 

 

Source

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Number of interventions

11

11 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Oct 2024

Revocation date:

No revocation date

Announced: 06 Oct 2022
Import ban In force
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 establishing an import ban for steel products enclosed under CN 7207.12.10 originating from Russia. The measure will enter into forc...
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Implementation date

01 Apr 2024

Revocation date:

No revocation date

Announced: 06 Oct 2022
Import ban In force
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 establishing an import ban for steel products enclosed under CN 7207.11 originating from Russia. The measure will enter into force o...
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Implementation date

01 Jan 2024

Revocation date:

31 Mar 2024

Announced: 06 Oct 2022
Import quota
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 reducing the temporary import quota for steel products enclosed under CN 7207.11 originating from Russia. In particular, the quota w...
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Implementation date

01 Oct 2023

Revocation date:

31 Dec 2023

Announced: 06 Oct 2022
Import quota
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 reducing the temporary import quota for steel products enclosed under CN 7207.11 originating from Russia. In particular, the quota w...
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Implementation date

05 Feb 2023

Revocation date:

No revocation date

Announced: 06 Oct 2022
Instrument unclear In force
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 establishing a price cap for petroleum products, classified under CN 2710 and transported maritimely, from Russia. The measure enter...
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Implementation date

05 Dec 2022

Revocation date:

No revocation date

Announced: 06 Oct 2022
Instrument unclear In force
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 establishing a price cap for crude oil, classified under CN 2709.00 and transported maritimely, from Russia. The measure enters into...
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Implementation date

07 Oct 2022

Revocation date:

No revocation date

Announced: 06 Oct 2022
Import ban In force
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 extending the lists of products originating from Russia subject to import bans. The measure enters into force the day following its ...
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Announced: 06 Oct 2022
Import-related non-tariff measure, nes In force
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 prohibiting the import of iron and steel products that, even if processed in a different country, incorporate these inputs from Russ...
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Announced: 06 Oct 2022
Export ban In force
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 establishing new and extending the lists of products subject to export bans to Russia. The measure enters into force the day followi...
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Implementation date

07 Oct 2022

Revocation date:

30 Sep 2023

Announced: 06 Oct 2022
Import quota
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 establishing a temporary import quota for steel products enclosed under CN 7207.11 originating from Russia. The quota will be 487'20...
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Implementation date

07 Oct 2022

Revocation date:

30 Sep 2024

Announced: 06 Oct 2022
Import quota
On 6 October 2022, the EU adopted Council Regulation (EU) 2022/1904 establishing a temporary import quota for steel products enclosed under CN 7207.12.10 originating from Russia. The quota will be 7.5...
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