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By Maya Lester KC & Michael O’Kane

UK lowers Oil Price Cap in line with 18th EU sanctions package

22 July 2025

UK lowers Oil Price Cap in line with 18th EU sanctions packageSven Hansche/Shutterstock.com

The UK has lowered the Oil Price Cap from USD 60 to USD 47.6 in line with the EU’s 18th Russia sanctions package. The new Price Cap will come into effect on 2 September...

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Regimes / Regions

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Michael O'Kane
By 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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