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Finance
  • General guidelines

Oil price cap

FAQs on sanctions against Russia and Belarus, with focus on the following provision: Article 3n of Council Regulation (EU) No 833/2014.

Details

Publication date
26 January 2024 (Last updated on: 26 January 2024)
Author
Directorate-General for Financial Stability, Financial Services and Capital Markets Union
Topic
  • Energy

Description

News alert

On 17 May 2024 the European Commission issued an alert to warn about circumvention risks in relation to the price caps on crude oil and petroleum products of Russian origin. This concerns Urals as well as the Eastern Siberia Pacific Ocean (ESPO) crudes exported from the eastern coast of the Russia Federation.

Files

  • 26 JANUARY 2024
Guidance on oil price cap