Announcement
04 Feb 2023
In February 2023, the European Union published a regulation setting the price cap for Russian crude oil and petroleum products that activates the mechanism envisioned in Council Regulation (EU) 2022/1904 of October 2022 (see related state act).
Source
Sign in to access
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 4 February 2023, the European Union, through Commission Implementing Regulation (EU) 2023/251, prohibited EU operators from providing certain commercial financing services to entities that provide ...
Sign in to see more
Export-related non-tariff measure, nes
In force
On 4 February 2023, the European Union, through Commission Implementing Regulation (EU) 2023/251, prohibited EU operators from providing, directly or indirectly, transport services for the exportation...
Sign in to see more
Related State Acts
06 Oct 2022
EU: Adoption of a price cap mechanism for Russian crude oil and petroleum products, as well as additional trade sanctions
03 Dec 2022
EU: Operators prohibited from providing financial and transport services related to Russian oil above USD 60 per barrel
03 Feb 2023
Canada: Price cap on seaborne petroleum products from Russia
24 Feb 2023
Australia: Imposition of USD 100 per barrel price cap on Russian seaborne petroleum products
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
Threads
See all
This state act is not part of any Thread yet.