European Commission DG FISMA Sanctions · Friday, January 30, 2026
AI-WRITTEN SUMMARY
New dynamic mechanism to lower price cap for Russian crude oil to $44,10 per barrel
Important: This summary was automatically generated by AI from a public-domain government source. It is provided for general information and SEO indexing only. It is
not legal, compliance, or professional advice and may contain errors, omissions, or out-of-date information. Where IMO numbers appear in the summary, they may be hyperlinked to the corresponding entry in our sanctioned-vessels database for convenience — these links are direct citations, not editorial assertions. Always verify against the official source before making any compliance, commercial, or legal decision.
Read our news policy.
screen any vessel against 9 sanctions lists in seconds.
Screen Free →
The European Commission has implemented a new dynamic mechanism to adjust the price cap for Russian crude oil. Effective February 1, the new limit for Russian crude has been reduced to $44.10 per barrel. To allow for a transition period, existing contracts established under the previous price cap remain valid for 90 days following the January 15 implementation of the new system.
This adjustment follows the 18th sanctions package, which originally lowered the cap from $60.00 to $47.60. The newly introduced automatic mechanism is designed to maintain the cap at a level 15% below the average market price for Urals crude, calculated over a 22-week reference period.
The European Commission will review the price cap every six months, though additional reviews may occur if significant changes in the oil market arise. The Commission continues to coordinate these measures with EU Member States and international partners to ensure consistent enforcement.
The price cap is part of the G7 Oil Price Cap Coalition's framework, which targets Russian seaborne crude oil and petroleum products. Under these regulations, EU operators are prohibited from providing maritime transport or related services for Russian oil unless the product is sold at or below the established price limits.
Screen any vessel against 9 sanctions lists
Strait Up Maritime is a sanctions-screening platform for shipping. Free tier includes 5 screenings/month.
Screen Free — No Credit Card
Stay ahead of maritime sanctions risk
Don't just read the news — track the vessels, owners, and chokepoints behind it. Strait Up Maritime gives compliance teams continuous monitoring and full vessel intelligence:
Watchlist Monitoring
Add any vessel to your watchlist. Get instant alerts if its sanctions status, ownership, or flag changes.
Position Tracking
See where vessels are right now. Track movements across global chokepoints in real time.
Dark Activity Alerts
Get alerted when a vessel goes dark — turns off its AIS transponder, a common sanctions evasion tactic.
STS Transfer Detection
Flagged automatically when vessels conduct ship-to-ship transfers with sanctioned counterparts.
Ownership & Management
Registered owner, ISM manager, P&I club, classification society — the full corporate chain behind any vessel.
Compliance Reports
Weekly personalised compliance snapshot. Exportable PDF screening records for audit defence.
Voyage History
Where vessels have been — ports visited, chokepoints crossed, trade routes mapped.
AI Compliance Assistant
Ask questions about any vessel's risk profile, sanctions exposure, and compliance obligations.
Disclaimer. Strait Up Maritime aggregates and summarises sanctions-related news from public-domain government sources (US Treasury OFAC, UK OFSI). Summaries are generated automatically by AI and may contain inaccuracies. We do not warrant the accuracy, completeness, or timeliness of any content on this page. Strait Up Maritime is a journalism and information service — it is not a substitute for legal counsel, regulatory advice, or official sanctions verification. Use of this content is governed by our
Terms of Use and
News Aggregation Policy.