Announcement
15 Jan 2026
In January 2026, the European Commission announced a reduction in the price cap for crude oil originating in or exported from Russia from USD 47.6 to USD 44.1 per barrel. The new price cap enters into force on 1 February 2026.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Feb 2026
Revocation date:
No revocation date
Announced: 15 Jan 2026
Export-related non-tariff measure, nes
In force
On 15 January 2026, the European Union published Council Regulation No 2026/124, prohibiting EU operators from providing, directly or indirectly, transport for the exportation of Russian oil priced ab...
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Announced: 15 Jan 2026
Controls on commercial transactions and investment instruments
In force
On 15 January 2026, the European Union published Council Regulation (EU) 2026/124, prohibiting EU operators from providing certain commercial and financing services to entities that provide transporta...
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Related State Acts
Announced: 29 Jan 2026
Switzerland: Provision of financial and transport services related to Russian oil above USD 44.1 per barrel prohibited
Announced: 15 Jan 2026
United Kingdom: Government lowers Russian crude oil price cap to USD 44.10 per barrel
Removed: 23 Apr 2026
EU: 18th sanctions package against Russia for its invasion of Ukraine
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