Australia, following the G7 countries, introduced a price ceiling for Russian oil. This is stated in the message of the Australian Department of Foreign Affairs and Trade.

The agency said in a statement that the measure is aimed at maintaining "reliable oil supplies" to the world market while reducing the level of income that the Russian Federation will receive from oil. It also emphasizes that the measure is "part of a comprehensive set of measures" that Canberra has taken in connection with the Russian special operation in Ukraine.

In April, Australia has already banned the import, purchase and transportation of Russian oil and gas, oil products and coal. At the same time, it is allowed to provide financial assistance and financial services in relation to the import, purchase and transportation of Russian oil, if its price does not exceed $60 per barrel.

However, the Australian Foreign Office document emphasizes that this in no way “constitutes a permit to import, buy or transport Russian oil”, which is prohibited by a separate provision in Australia.

Last week, the European Commission announced that the G7 countries (Great Britain, Germany, Italy, Canada, France, Japan and the United States) and Australia agreed to introduce a $60 per barrel price ceiling for Russian oil delivered by sea from December 5.

On December 7, it became known that the Russian authorities are considering three options for responding to the introduction by the G7 countries and Australia of a price ceiling on oil imports from Russia.