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DFAT press release on Russian oil cap

Russia – Australia implements the G7 price cap on Russian oil 7 December 2022 Category International relations Australia has joined the G7 in implementing a price cap on Russian oil. On 2 December 2022, G7 countries plus Australia agreed to the price cap of USD 60 per barrel of seaborne […]

EU agrees to Russian oil price cap

Russian oil: EU agrees on level of price cap The Council decided today to set an oil price cap for crude oil and petroleum oils and oils obtained from bituminous minerals (CN code 2709 00) which originate in or are exported from Russia, at USD 60 per barrel. The level of the cap […]