The Australian government is lowering the price cap on Russian oil to $47.60 and has imposed targeted sanctions on an additional 95 vessels of Russia’s “shadow fleet.”
This was reported by the Australian Department of Foreign Affairs and Trade.
The department believes that the measures will reduce the market value of Russian oil and deprive Russia’s war economy of revenue.
Australia is taking these steps in coordination with the European Union, the United Kingdom, Canada, New Zealand, and Japan, while maintaining a full ban on imports of Russian oil and petroleum products.
In addition, the country is imposing targeted sanctions on 95 more vessels of Russia’s “shadow fleet.” Since June 2025, the Australian government has already sanctioned over 150 vessels.
Ukraine’s Foreign Minister Andrii Sybiha thanked the Australian government and his counterpart Penny Wong for their resolute support of Ukraine and adherence to international law.
“By lowering the Russian oil price cap and imposing targeted sanctions on 95 shadow fleet vessels, Australia is helping to restrict Russia’s ability to fund its war and undermine global peace,” said the head of Ukrainian diplomacy.
