Russia Oil Price Cap

• EU countries agree to additional price caps on refined Russian oil products

  The price caps are $100 per barrel on products that trade at a premium to crude, such as diesel, and $45 per barrel for products that trade at a discount, such as fuel oil.

  World

  Feb 3, 2023
  
• Russian oil price cap ‘too lenient,’ as Moscow still able to fund war effort: report

  Oil markets, however, are now less focused on a potential loss of Russian oil than on weak demand from a slowing global economy, and prices have fallen.

  World

  Jan 11, 2023
  
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• G7 imposes US$60 price cap on Russian oil as Moscow wages Ukraine war

  Russian oil can be shipped to third-party countries using G7 and EU tankers, insurance companies and credit institutions, only if the cargo is bought at or below the price cap.

  World

  Dec 5, 2022
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• G7 finance ministers agree to price cap on Russian oil

  The initial price cap will be based on a range of technical inputs and the price level will be revisited as necessary, said the ministers.

  World

  Sep 2, 2022