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.
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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
Updated: 24 Feb 2026
Controls on commercial transactions and investment instruments
In force
Recent update from 24 Feb 2026:
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 pe...
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Updated: 24 Feb 2026
Export-related non-tariff measure, nes
In force
Recent update from 24 Feb 2026:
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 b...
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