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The Russia-Ukraine war · Sanctions, trade and markets

G7, EU and Australia cap the price of Russian seaborne crude at 60 dollars a barrel

Confirmedon an admission by the acting party plus an independent origin: 1 distinct origin, 1 tied to no party.

A price cap of 60 dollars a barrel on Russian seaborne crude oil agreed by the G7, the EU and Australia took effect on 5 December. On 27 December Putin signed a decree banning oil sales from 1 February, for five months, to countries and companies that applied the cap, with exceptions possible by his special decision.

When
5 December 2022
Where
Russia, Russia
What
sanction
Against
Government of Russia
Attribution
Acknowledged by the acting party. Announced by the G7, the EU and Australia; Russia's response was a published decree.
In the record
Published 2026-10-27 21:03 UTC · revision 1 · monthly summary

Sources

  1. Evidence Al Jazeera Media · Unaffiliated origin: Russian presidential decree of 27 Dec 2022 and G7 price cap · published 2022-12-27 00:00 UTC

History

WhenFieldFromToWhy
2026-10-27 21:03 UTCstatusnullconfirmedP1 monthly summary: researched from cited sources and graded by the one rule

Cite or reuse

The War Record, "G7, EU and Australia cap the price of Russian seaborne crude at 60 dollars a barrel", ev-20261027-zvqc, revision 1, https://thewarrecord.com/events/ev-20261027-zvqc/

This month's events as JSON (id ev-20261027-zvqc) · CC BY 4.0