Global Trade Alert
Global Trade Alert

Australia: Government lowers price cap on Russian crude oil (February 2026)

Announcement

24 Feb 2026

In February 2026, the Australian government lowered the price cap on Russian crude oil from USD 47.60 to USD 44.10 per barrel.

Source

Sign in to access

Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Feb 2026

Revocation date:

No revocation date

Announced: 24 Feb 2026
Controls on commercial transactions and investment instruments In force
On 24 February 2026, 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 44.10 per b...
Sign in to see more
Announced: 24 Feb 2026
Export-related non-tariff measure, nes In force
On 24 February 2026, the Australian Government prohibited entities from providing maritime transportation services related to the trading of Russian crude oil above the price cap of USD 44.10 per barr...
Sign in to see more

Threads

See all

Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

70627

interventions

194

jurisdictions

Economic Sanctions Related to the Russian Invasion of Ukraine

This Thread outlines restrictions on trade, financial transactions, and economic activities imposed on commercial entities by any jurisdiction, provided these measures are directly related to the Russian invasion of Ukraine. Additionally, the Thread includes sanctions against non-Russian commercial entities from other jurisdictions if these measures were adopted on the grounds of their involvem...

Published: 09 Jan 2025

1455

interventions

41

jurisdictions

G20: Harmful Trade Policy Interventions

This Thread tracks harmful trade policy interventions introduced by G20 members since 2009. It covers all types of interventions monitored by Global Trade Alert.

Published: 15 Jan 2025

53959

interventions

121

jurisdictions