Announcement
03 Feb 2023
In February 2023, Canada activated the price cap on Russian petroleum products announced previously in response to the Russian invasion of Ukraine.
Source
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
05 Feb 2023
Revocation date:
No revocation date
Updated: 03 Feb 2023
Export-related non-tariff measure, nes
In force
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Updated: 03 Feb 2023
Controls on commercial transactions and investment instruments
In force
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Related State Acts
17 Jun 2025
Canada: Restrictions on trade with Russia and sanctions against the Russian quantum sector (June 2025)
17 Jun 2025
Canada: Sanctions on various firms and vessels under the Special Economic Measures (Russia) Regulations (June 2025)
21 Feb 2025
Canada: Government announces new trade and financial sanctions on several entities and Russian "shadow fleet" (February 2025)
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 2024
Canada: Additional sanctions against Russia (February 2024)
09 Nov 2023
Canada: Additional sanctions against Russia in the context of the invasion of Ukraine (November 2023)
20 Sep 2023
Canada: Additional sanctions against certain Russian entities (September 2023)
22 Aug 2023
Canada: Additional sanctions against Russian military and nuclear sectors (August 2023)
19 Jul 2023
Canada: Government imposes sanctions on Russian news companies (July 2023)
19 Jul 2023
Canada: Sanctions on Russian entities and arms exports restrictions (July 2023)
19 May 2023
Canada: Sanctions against a Russian publishing company
11 Apr 2023
Canada: New sanctions on Russian companies (April 2023)
10 Mar 2023
Canada: Import ban on Russian aluminium and steel
24 Feb 2023
Canada: Additional sanctions on trade with Russia and Russian entities
15 Feb 2023
Switzerland: Adoption of further economic sanctions against Russia, including price caps for Russian crude oil and petroleum products above USD 45 or USD 100 per barrel
04 Feb 2023
EU: Operators prohibited from providing financial and transport services related to Russian crude oil and petroleum products above USD 45 or USD 100 per barrel
03 Feb 2023
United States of America: Department of Treasury prohibits providing services facilitating the maritime transport of Russian petroleum products above USD 45 or USD 100 per barrel
03 Feb 2023
United Kingdom: HM Treasury prohibits the provision of services facilitating the maritime transport of Russian oil products above USD 45 or USD 100 per barrel
02 Sep 2022
Canada: Government commits to a price cap on Russian oil and petroleum products exports
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