EU and UK to lower Russia oil price cap from 1 February 2026

15 January 2026

EU and UK to lower Russia oil price cap from 1 February 2026lazyllama/Shutterstock.com

The EU and the UK will lower their oil price cap on Russian oil to US $44.10 per barrel from 1 February 2026. The oil price cap was last lowered as part of the...

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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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