Announcement
15 Jan 2026
In January 2026, the UK government, in coordination with the EU, 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
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
31 Jan 2026
Revocation date:
No revocation date
Announced: 15 Jan 2026
Controls on commercial transactions and investment instruments
In force
On 15 January 2026, the UK government, in coordination with the European Union, announced a reduction of the crude oil price cap on Russian exports from USD 47.60 to USD 44.10 per barrel. As a result ...
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Announced: 15 Jan 2026
Export-related non-tariff measure, nes
In force
On 15 January 2026, the UK government, in coordination with the European Union, announced a reduction of the crude oil price cap on Russian exports from USD 47.60 to USD 44.10 per barrel. As a result ...
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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
EU: Reduction in price cap on Russian crude oil to USD 44.1 per barrel
Removed: 15 Jan 2026
United Kingdom: Government lowers Russian crude oil price cap to USD 47.60 per barrel
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