Announcement
03 Feb 2023
In February 2023, the U.S. Department of Treasury prohibited entities from providing services facilitating the maritime transport of Russian petroleum products above USD 45 or USD 100 per barrel.
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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 U.S. Department of Treasury prohibited American entities from providing covered services relating to the maritime transport of Russian petroleum products to third-country entit...
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Export-related non-tariff measure, nes
In force
On 3 February 2023, the U.S. Department of Treasury announced prohibiting American operators from providing maritime transportation service to third-country entities if they trade Russian petroleum pr...
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Related State Acts
02 Sep 2022
United States of America: Prohibition of services to Russia’s seaborne oil exports above an agreed price cap
02 Dec 2022
United States of America: Department of Treasury bans providing services facilitating the maritime transport of Russian oil above USD 60 per barrel
03 Feb 2023
Canada: Price cap on seaborne petroleum products from Russia
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
24 Feb 2023
Australia: Imposition of USD 100 per barrel price cap on Russian seaborne petroleum products
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
12 Oct 2023
United States of America: Treasury imposes sanction on entities for carrying Russian crude oil above the price cap
16 Nov 2023
United States of America: Treasury imposes sanction on additional maritime companies for carrying Russian crude oil above the price cap
01 Dec 2023
United States of America: Treasury imposes sanction on several maritime companies for carrying Russian crude oil above the price cap
20 Dec 2023
United States of America: Treasury imposes sanction on four maritime companies for carrying Russian crude oil above the price cap
18 Jan 2024
United States of America: Treasury imposes sanction on a UAE-based maritime company for carrying Russian crude oil above the price cap
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