Announcement
02 Dec 2022
In December 2022, the government of Canada announced the imposition, together with the rest of G7 and Australia, of a price cap on Russian oil at USD 60 per barrel.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
2 in force
Implementation date
07 Dec 2022
Revocation date:
No revocation date
Export-related non-tariff measure, nes
In force
On 2 December 2022, the government of Canada announced the "price cap" on Russian oil, banning the provision of maritime transportation services related to crude Russian oil sold above USD 60 per barr...
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Controls on commercial transactions and investment instruments
In force
On 2 December 2022, the government of Canada announced the imposition of the "price cap" on Russian oil, effectively prohibiting the provision of financial services related to maritime transportation ...
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Related State Acts
10 Mar 2022
Canada: Government bans petroleum imports from Russian and imposes sanctions on Russian entities
03 Dec 2022
EU: Operators prohibited from providing financial and transport services related to Russian oil above USD 60 per barrel
02 Dec 2022
United States of America: Department of Treasury bans providing services facilitating the maritime transport of Russian oil above USD 60 per barrel
02 Dec 2022
United Kingdom: HM Treasury prohibits the provision of services facilitating the maritime transport of Russian oil above USD 60 per barrel
05 Dec 2022
Japan: Government announces actions related to the price cap on Russian oil imports from Russia in response to invasion of Ukraine
07 Dec 2022
Switzerland: Provision of financial and transport services related to Russian oil above USD 60 per barrel prohibited and 2 Iranian military drone manufacturers added to the frozen fund list
27 Dec 2022
Russia: Prohibition of oil exportation to buyers following the price cap
03 Feb 2023
Canada: Sanctions against more Russian media entities
24 Feb 2023
Canada: Additional sanctions on trade with Russia and Russian entities
10 Mar 2023
Canada: Import ban on Russian aluminium and steel
11 Apr 2023
Canada: New sanctions on Russian companies (April 2023)
19 May 2023
Canada: Sanctions against a Russian publishing company
19 Jul 2023
Canada: Sanctions on Russian entities and arms exports restrictions (July 2023)
19 Jul 2023
Canada: Government imposes sanctions on Russian news companies (July 2023)
22 Aug 2023
Canada: Additional sanctions against Russian military and nuclear sectors (August 2023)
09 Nov 2023
Canada: Additional sanctions against Russia in the context of the invasion of Ukraine (November 2023)
21 Feb 2024
Canada: Additional sanctions against Russia (February 2024)
16 May 2024
Canada: Sanctions against Russian entities in relation to the invasion of Ukraine and arms trade with North Korea (May 2024)
21 Feb 2025
Canada: Government announces new trade and financial sanctions on several entities and Russian "shadow fleet" (February 2025)
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