Announcement
07 Dec 2022
On 7 December 2022, the Australian government announced the implementation of a price cap of USD 60 per barrel on Russian crude oil.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
07 Dec 2022
Revocation date:
17 Sep 2025
Updated: 24 Sep 2025
Controls on commercial transactions and investment instruments
On 7 December 2022, the government of Australia prohibited the provision of certain financial services related to the maritime transportation of Russian oil above the price cap of USD 60 per barrel. T...
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