The EU has lowered the price “cap” for oil from Russia to less than $50 per barrel

On September 3, a new restriction on Russian oil came into effect in the European Union: the price “cap” was lowered from $60 to $47.6 per barrel.

This decision was made as part of the 18th package of sanctions against Russia, adopted in the summer.

Switzerland, the United Kingdom and Canada also joined the restrictions. Thus, the geography of sanction pressure on the Russian energy sector is expanding.

For the first time, the EU has introduced a floating pricing mechanism: now the “ceiling” will automatically be set 15% lower than the average market price for oil over the past ten weeks. The next review of the restriction is scheduled for January 15, 2026.

The new rule applies to contracts concluded after July 20. For agreements signed before this date, the old level of $60 per barrel remains – until October 18, 2025.

The price “ceilings” for petroleum products remained unchanged: $100 per barrel for light and $45 for heavy.Earlier, USM reported that the profits of Russian oil companies had collapsed.