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New Zealand Lowers Price Cap on Russian Crude Oil in New Round of Sanctions

New price cap on Russian crude oil set at $47.60 by New Zealand and Japan aims to curb revenue and restrict support to Russia's war machine via sanctioned vessels and entities.

Summary by RNZ
New Zealand joins Canada, the UK, and EU in lowering the cap.

7 Articles

Lean Left

On Friday, September 12, the United Kingdom announced the introduction of a new package of sanctions against Russia, including vessels carrying Russian oil, as well as companies and individuals that supply electronics, chemicals and explosives used to produce Russian...

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Foreign Minister Winston Peters announced on September 12 that New Zealand is lowering restrictions on the price of Russian crude oil, joining Canada, the EU and the UK. — Ukrinform.

·Kyiv, Ukraine
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The Beehive broke the news in on Thursday, September 11, 2025.
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