Reduction of the price cap on Russian oil
Starting February 1, 2026, the European Union is lowering the price cap on Russian oil to $44.1 per barrel. This new decision replaces the previous cap of $47.6, which was in effect from September 2025 to the end of January 2026. The price reduction occurs against the backdrop of changes in global oil markets and political circumstances.
It is worth noting that before the introduction of the new cap of $44.1, the price cap on Russian oil was $60 per barrel since December 2022. Such changes in pricing policy reflect the adaptation of the European Union to new economic realities and challenges related to energy supply.
Actions of the United Kingdom
Additionally, the UK government is considering the possibility of using oil from the 'shadow fleet' of the Russian Federation to fund military support for Ukraine. In this regard, British special forces are preparing for potential raids on Russian oil tankers. These steps demonstrate the activation of measures by western countries in response to energy and geopolitical challenges.
The reduction of the price cap on Russian oil by the EU underscores Europe's desire to reduce dependence on Russian energy resources and to influence the economic situation in Russia. These actions may have significant consequences for the global oil market, especially amid unstable political situations. At the same time, the UK's initiatives regarding the 'shadow fleet' indicate the willingness of western countries to take active measures in the field of security and support for Ukraine, which may impact regional energy policy.