Global Trade Alert
Global Trade Alert

Russia: Government prohibits the crude oil exportation under price cap conditions

Announcement

28 Jan 2023

In January 2023, the government of Russia published a decree confirming and elaborating on the prohibition of the exportation of crude oil to the buyers observing the "price cap" on Russian oil announced as part of sanctions against the country. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Feb 2023

Revocation date:

31 Dec 2027

Prolonged: 01 Jul 2026
Export ban In force

Recent update from 26 Jun 2026:

On 26 June 2026, the president of Russia published Decree No. 447, extending the prohibition until 31 December 2027.

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