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Price Cap: Russian Petroleum Products

As of 5 February 2023 additional price caps have been adopted for Russian refined petroleum products. The new price caps expand UK, EU and US…

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Global Jurisdictions Adopt New Price Cap on Russian Petroleum Products - New Guidance Creates Additional Compliance Expectations | WilmerHale

Effective February 5, 2023, the Price Cap Coalition (the Coalition), consisting of the G7 nations, the European Union (EU) and Australia, set a price cap of $45 per barrel for “Discount.

United statesUnited kingdomRepublic of croatiaRussian federationRepublic of bulgariaOffice of financial sanctions implementationCouncil regulationPetroleum products of russian federation originOil price capRefined oil products winddownRussian federation pursuantEuropean unionUnited kingdom maritime services prohibitionPrice cap coalition theEffective februaryPrice cap coalition

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