Australia announces new measures to reduce Russia's oil revenues, sanctions 95 more vessels
Foreign Minister Penny Wong says Australian government to reduce oil price cap from $60 per barrel to $47.60 in collaboration with partners such as EU, UK, Canada, New Zealand, Japan
ANKARA
Australia announced new measures Thursday to reduce Russia's oil revenues, including lowering the price cap on Russian oil and sanctioning more "shadow fleet" vessels.
Foreign Minister Penny Wong said the Australian government would reduce the oil price cap from $60 per barrel to $47.60 in collaboration with partners such as the European Union, the UK, Canada, New Zealand, and Japan.
"Australia will also impose targeted sanctions on a further 95 Russian 'shadow fleet' vessels. With these additional listings, the Albanese Government has now sanctioned more than 150 shadow fleet vessels since doing so for the first time in June 2025," she said in a statement.
She added that Canberra's total ban on oil and refined petroleum imports from Russia remains in effect.
Wong called on Russia to immediately end this war and withdraw from Ukrainian territory and reaffirmed her country's support for Ukraine's sovereignty and territorial integrity.
Australia has so far imposed over 1,600 sanctions in response to Russia's war in Ukraine.
