G7 Price Cap Coalition

Rule Changes

As of May 2026: Active but facing internal strain as the European Union and United Kingdom tighten their dynamic cap while the United States weighs targeted easing of some Russian oil sanctions to stabilize global supply.

Since late 2022, the Group of Seven and allies have capped Russia's seaborne crude price using dominance in shipping and insurance. In February 2026, the EU and UK reduced the cap to $44.10 per barrel while the US kept its own $60 ceiling.

Updated May 26