Announcement
18 Sep 2025
In September 2025, the Australian Government lowered the price cap on Russian crude oil and imposed sanctions on an additional 95 Russian "shadow fleet" vessels. In February 2026, the Australian Government lowered the crude oil price cap on Russian exports from USD 47.60 to USD 44.10 per barrel.
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Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
18 Sep 2025
Revocation date:
23 Feb 2026
Removed: 24 Feb 2026
Controls on commercial transactions and investment instruments
On 18 September 2025, the Australian Government prohibited the provision of certain financial services related to the maritime transportation of Russian crude oil above the price cap of USD 47.6 per b...
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Removed: 24 Feb 2026
Export-related non-tariff measure, nes
On 18 September 2025, the Australian Government prohibited entities from providing maritime transportation services related to the trading of Russian crude oil above the price cap of USD 47.6 per barr...
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Implementation date
18 Sep 2025
Revocation date:
No revocation date
Announced: 18 Sep 2025
Foreign customer limit
In force
On 18 September 2025, the Australian Government imposed targeted sanctions on an additional 95 Russian 'shadow fleet' vessels. Under the Autonomous Sanctions Regulations 2011, the Minister may direct...
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Related State Acts
Announced: 24 Feb 2026
Australia: Government lowers price cap on Russian crude oil (February 2026)
Announced: 24 Feb 2023
Australia: Imposition of USD 100 per barrel price cap on Russian seaborne petroleum products
Announced: 07 Dec 2022
Australia: Government implements price cap of USD 60 per barrel of Russian crude oil
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