Announcement
27 Dec 2022
In December 2022, the President of Russia prohibited the exportation of oil to entities and individuals adhering to the price cap imposed on Russia as part of sanctions.
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Number of interventions
1
0 certainly harmful
1 likely harmful
0 liberalising
List of interventions
Implementation date
No implementation date
Revocation date:
No revocation date
Announced: 27 Dec 2022
Export ban
On 27 December 2022, Russian president Vladimir Putin signed Decree No. 961, prohibiting the exportation of Russian oil and petroleum products to foreign individuals and entities adhering to the oil c...
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Related State Acts
Prolonged: 01 Jan 2026
Russia: Government prohibits the crude oil exportation under price cap conditions
Removed: 02 Sep 2025
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
Announced: 07 Dec 2022
Australia: Government implements price cap of USD 60 per barrel of Russian crude oil
Announced: 05 Dec 2022
Japan: Government announces actions related to the price cap on Russian oil imports from Russia in response to invasion of Ukraine
Announced: 02 Dec 2022
Canada: Government prohibits the provision of financial and transport services related to Russian oil above USD 60 per barrel
Announced: 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
Announced: 02 Dec 2022
United Kingdom: HM Treasury prohibits the provision of services facilitating the maritime transport of Russian oil above USD 60 per barrel
Announced: 06 Oct 2022
EU: Adoption of a price cap mechanism for Russian crude oil and petroleum products, as well as additional trade sanctions
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