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
2 in force
Implementation date
05 Feb 2023
Revocation date:
No revocation date
Controls on commercial transactions and investment instruments
In force
On 3 February 2023, the government of Canada announced the activation of the price cap on petroleum products originating from Russia. The measure bans the provision of financial services related to ma...
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Export-related non-tariff measure, nes
In force
On 3 February 2023, the government of Canada announced the activation of the price cap on petroleum products originating from Russia, prohibiting the provision of maritime transportation services rela...
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Related State Acts
02 Sep 2022
Canada: Government commits to a price cap on Russian oil and petroleum products exports
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
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
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
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19 May 2023
Canada: Sanctions against a Russian publishing company
19 Jul 2023
Canada: Sanctions on Russian entities and arms exports restrictions (July 2023)
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Canada: Government imposes sanctions on Russian news companies (July 2023)
22 Aug 2023
Canada: Additional sanctions against Russian military and nuclear sectors (August 2023)
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Canada: Additional sanctions against certain Russian entities (September 2023)
09 Nov 2023
Canada: Additional sanctions against Russia in the context of the invasion of Ukraine (November 2023)
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Canada: Additional sanctions against Russia (February 2024)
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Canada: Government announces new trade and financial sanctions on several entities and Russian "shadow fleet" (February 2025)
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