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
Updated: 24 Sep 2025
Controls on commercial transactions and investment instruments
Recent update from 24 Feb 2026:
In February 2026, the Australian Government lowered the price cap for seaborne Russian-origin crude oil from USD 47.60 to USD 44.10 per barrel (see related state act).
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Updated: 24 Sep 2025
Export-related non-tariff measure, nes
Recent update from 24 Feb 2026:
In February 2026, the Australian Government lowered the price cap for seaborne Russian-origin crude oil from USD 47.60 to USD 44.10 per barrel (see related state act).
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Implementation date
18 Sep 2025
Revocation date:
No revocation date
Updated: 24 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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