EU delays lowering Russia oil price cap under Reg 833

17 July 2026

EU delays lowering Russia oil price cap under Reg 833maradon 333/Shutterstock.com

The EU has amended Regulation (EU) 833/2014 to delay lowering the price cap on Russian oil until 23 July 2026. The oil price cap was introduced in 2022. It is currently USD 44.10/barrel. Article...

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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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