Global Trade Alert
Global Trade Alert

United Kingdom: Government lowers Russian crude oil price cap to USD 44.10 per barrel

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.

Source

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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

Updated: 15 Jan 2026
Controls on commercial transactions and investment instruments In force

Recent update from 15 Jan 2026:

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 resu...

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Updated: 15 Jan 2026
Export-related non-tariff measure, nes In force

Recent update from 15 Jan 2026:

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 resu...

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