Announcement
18 Jul 2025
In July 2025, the UK government, in coordination with the EU, lowered the crude oil price cap on Russian exports from USD 60 to USD 47.60 per barrel to increase economic pressure on Russia.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
02 Sep 2025
Revocation date:
No revocation date
Updated: 22 Jul 2025
Controls on commercial transactions and investment instruments
In force
On 18 July 2025, the UK government, in coordination with the European Union, announced a reduction of the crude oil price cap on Russian exports from USD 60 to USD 47.60 per barrel. As a result of ...
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Updated: 22 Jul 2025
Export-related non-tariff measure, nes
In force
On 18 July 2025, the UK government, in coordination with the European Union, announced a reduction of the crude oil price cap on Russian exports from USD 60 to USD 47.60 per barrel. As a result of ...
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Related State Acts
03 Sep 2025
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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
02 Dec 2022
United Kingdom: HM Treasury prohibits the provision of services facilitating the maritime transport of Russian oil above USD 60 per barrel
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