Canada lowers Russia oil price cap in line with EU

4 September 2025

Canada lowers Russia oil price cap in line with EUSherif Ashraf 22/Shutterstock.com

Canada has announced it will lower its Russia oil price cap by amending the Special Economic Measures (Russia) Regulations. The price cap has decreased from USD 60 to USD 47.60 per barrel. This reflects...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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