Global Trade Alert
Global Trade Alert

Australia: Government lowers price cap on Russian crude oil and imposes sanctions on 95 vessels (September 2025)

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.

Source

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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:

No revocation date

Updated: 24 Sep 2025
Controls on commercial transactions and investment instruments In force

Recent update from 24 Sep 2025:

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 pe...

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Updated: 24 Sep 2025
Export-related non-tariff measure, nes In force

Recent update from 24 Sep 2025:

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 b...

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Updated: 24 Sep 2025
Foreign customer limit In force

Recent update from 24 Sep 2025:

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 dir...

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