Global Trade Alert
Global Trade Alert

Canada: Government lowers the price cap on Russian oil and imposes sanctions against 52 entities from Russia, Lithuania, Türkiye, Libya and China, as well as against 100 vessels

Announcement

24 Feb 2026

In February 2026, the Canadian government lowered the price cap on Russian oil and imposed sanctions against 52 entities from Russia, Lithuania, Türkiye, Libya and China, as well as against 100 vessels.

Source

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Number of interventions

8

8 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 government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment lowers the price cap for seaborne Russian-origin crude oi...
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Announced: 24 Feb 2026
Export-related non-tariff measure, nes In force
On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment lowers the price cap for seaborne Russian-origin crude oi...
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Announced: 24 Feb 2026
Controls on commercial transactions and investment instruments In force
On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment adds a China-based company VTB Bank (PJSC) Shanghai Branc...
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Announced: 24 Feb 2026
Controls on commercial transactions and investment instruments In force
On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment adds Bosphorus Shipping Company LLC to Schedule 1, thereb...
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Announced: 24 Feb 2026
Controls on commercial transactions and investment instruments In force
On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment adds Turkish-based firm Nurzat IC VE DIS TIC to Schedule ...
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Announced: 24 Feb 2026
Controls on commercial transactions and investment instruments In force
On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment adds three entities from Lithuania to Schedule 1, thereby...
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Announced: 24 Feb 2026
Controls on commercial transactions and investment instruments In force
On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment adds 46 Russian entities to Schedule 1, thereby subjectin...
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Announced: 24 Feb 2026
Foreign customer limit In force
On 24 February 2026, the government of Canada published Regulations Amending the Special Economic Measures (Russia) Regulations. The amendment adds 100 vessels from Russia’s shadow fleet (primarily oi...
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