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.
Source
Sign in to access
Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
02 Sep 2025
Revocation date:
30 Jan 2026
Updated: 22 Jul 2025
Controls on commercial transactions and investment instruments
Recent update from 15 Jan 2026:
In January 2026, the UK government lowered the crude oil price cap on Russian exports from USD 47.60 to USD 44.10 per barrel (see related state act).
Sign in to see more
Updated: 22 Jul 2025
Export-related non-tariff measure, nes
Recent update from 15 Jan 2026:
In January 2026, the UK government lowered the crude oil price cap on Russian exports from USD 47.60 to USD 44.10 per barrel (see related state act).
Sign in to see more
Related State Acts
15 Jan 2026
United Kingdom: Government lowers Russian crude oil price cap to USD 44.10 per barrel
03 Sep 2025
Canada: Government decreases price cap on Russian oil from USD 60 to USD 47.6 per barrel
11 Aug 2025
Switzerland: Further sanctions in response to Russia’s war against Ukraine, including lowered price cap on Russian crude oil (August 2025)
19 Jul 2025
EU: 18th sanctions package against Russia for its invasion of Ukraine
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
02 Dec 2022
United Kingdom: HM Treasury prohibits the provision of services facilitating the maritime transport of Russian oil above USD 60 per barrel
Threads
See all
This state act is not part of any Thread yet.