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… the average market price of Russian crude oil, which will be first published on 15th January, 2026 and every six months thereafter. In addition, by 15th April, 2026, and every six months thereafter…

… the new operational structure will be in place prior to the policy year commencing 20th February, 2026.    Should Members have any questions about this restructure please do not hesitate to…

…On 23rd April, 2026, the European Union adopted its 20th package of sanctions against Russia. As explored in this article, the measures further tighten restrictions on maritime activity connected with Russian oil…

…On 21st January, 2026, Article 3ma of Council Regulation (EU) No. 833/2014 (as amended) (the “Regulation”), enters into force. This introduces an import ban into the EU of petroleum products obtained in third countries…

… a notice of the of the average market price and amend the price cap if necessary on 15th January, 2026 and every six months thereafter (unless unforeseen circumstances / extraordinary reviews require…

…S port at a rate of $50 per net ton. The rate will then increase  on an annual basis beginning in April, 2026 and plateauing at $140 per net ton in April, 2028. Notably “owner” and “operator” are defined by…

… introduced, allowing for 275,000 tons of aluminium (i.e. 80% of EU imports in 2024). By the end of 2026, no Russian aluminium can be imported into the EU. Dual-use export restrictions have also been extended…

… (i.e. those exceeding 1 year and concluded before 17th June, 2025); and b) from 25th April, 2026, for short-term contracts. Expanding the transaction ban on Rosneft and Gazprom Neft; unlike the UK and…