Australia Issues More Russia Sanctions, Lowers Price Cap
Australia this week announced new sanctions against Russia and also said it's lowering its price cap on Russian oil from $60 per barrel to $47.60 per barrel, following a similar move by other nations imposing the cap (see 2507180017 and…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
2509120045). The new designations target 95 Russian "shadow fleet" vessels that are helping Moscow evade international sanctions, Australia said. "We will continue to take coordinated and decisive action to disrupt Russia's ability to fund its invasion, including through constraining its oil revenues."