On 31 July 2014, the Council adopted Regulation (EU) No 833/2014. Regulation (EU) No 833/2014 gives effect to certain measures provided for in Council Decision 2014/512/CFSP.
On 4 February 2023, the Council adopted Decision (CFSP) 2023/252. That Decision establishes two additional price caps for petroleum products, that is the price per barrel at or below which petroleum products from Russia are exempt from the prohibition to provide maritime transport of such products to third countries and the prohibition to provide technical assistance, brokering services or financing or financial assistance, related to the maritime transport of such products to third countries: one for petroleum products traded at a discount to crude oil (‘discount to crude oil’) and a second one for petroleum products traded at a premium to crude oil (‘premium to crude oil’).
Regulation (EU) No 833/2014 has therefore been amended accordingly.