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
Announced: 03 Feb 2023
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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Announced: 03 Feb 2023
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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Related State Acts
Announced: 17 Jun 2025
Canada: Sanctions on various firms and vessels under the Special Economic Measures (Russia) Regulations (June 2025)
Announced: 17 Jun 2025
Canada: Restrictions on trade with Russia and sanctions against the Russian quantum sector (June 2025)
Announced: 21 Feb 2025
Canada: Government announces new trade and financial sanctions on several entities and Russian "shadow fleet" (February 2025)
Announced: 16 May 2024
Canada: Sanctions against Russian entities in relation to the invasion of Ukraine and arms trade with North Korea (May 2024)
Announced: 21 Feb 2024
Canada: Additional sanctions against Russia (February 2024)
Announced: 09 Nov 2023
Canada: Additional sanctions against Russia in the context of the invasion of Ukraine (November 2023)
Announced: 20 Sep 2023
Canada: Additional sanctions against certain Russian entities (September 2023)
Announced: 22 Aug 2023
Canada: Additional sanctions against Russian military and nuclear sectors (August 2023)
Announced: 19 Jul 2023
Canada: Government imposes sanctions on Russian news companies (July 2023)
Announced: 19 Jul 2023
Canada: Sanctions on Russian entities and arms exports restrictions (July 2023)
Announced: 19 May 2023
Canada: Sanctions against a Russian publishing company
Announced: 11 Apr 2023
Canada: New sanctions on Russian companies (April 2023)
Announced: 10 Mar 2023
Canada: Import ban on Russian aluminium and steel
Announced: 24 Feb 2023
Canada: Additional sanctions on trade with Russia and Russian entities
Announced: 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
Announced: 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
Announced: 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
Announced: 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
Announced: 02 Sep 2022
Canada: Government commits to a price cap on Russian oil and petroleum products exports
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