Announcement
24 Feb 2023
On 24 February 2023, the government of Australia prohibited firms from providing services facilitating the maritime transport of certain Russian oil at or above a price cap of USD 100 or USD 45 per barrel.
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
15 Feb 2023
Revocation date:
No revocation date
Controls on commercial transactions and investment instruments
In force
On 15 February 2023, the government of Australia implemented a prohibition on the provision of certain financial services related to the maritime transportation of Russian oil above the price cap of U...
Sign in to see more
Export-related non-tariff measure, nes
In force
On 15 February 2023, the government of Australia prohibited Australian entities from providing maritime transportation service related to the trading of Russian refined oil products at or above the ca...
Sign in to see more
Related State Acts
07 Dec 2022
Australia: Government implements price cap of USD 60 per barrel of Russian crude oil
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
Threads
See all
This state act is not part of any Thread yet.