Contents
THE EUROPEAN COMMISSION,Having regard to the Treaty on the Functioning of the European Union,Having regard to Regulation (EU) No 833/2014note concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine, in particular Article 7a,Whereas:
(1)On 31 July 2014, the Council adopted Regulation (EU) No 833/2014note.
(2)Regulation (EU) No 833/2014 gives effect to certain measures provided for in Council Decision 2014/512/CFSP.
(3)Council Decision (CFSP) 2022/1909note introduced an exemption from the prohibition to provide maritime transport and the prohibition to provide technical assistance, brokering services or financing or financial assistance, related to the maritime transport to third countries of crude oil or petroleum products which originate in or are exported from Russia, purchased at or below a pre-established price cap agreed by the Price Cap Coalition. That exemption should mitigate adverse consequences on energy supply to third countries and reduce price surges driven by extraordinary market conditions, while limiting Russian oil revenues.
(4)Council Decision (CFSP) 2022/2369note introduced the price cap into its Annex XI, that is the price per barrel at or below which crude oil from Russia is exempt from the prohibition to provide maritime transport and the prohibition to provide technical assistance, brokering services or financing or financial assistance, related to the maritime transport to third countries.
(5)On 4 February 2023, Council Decision (CFSP) 2023/252note amended Decision 2014/512/CFSP to introduce two additional price caps on petroleum products into its Annex XI, 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 (‘premium to crude oil’), that is the price per barrel at or below which petroleum products from Russia are exempt from the prohibition to provide maritime transport and the prohibition to provide technical assistance, brokering services or financing or financial assistance, related to the maritime transport to third countries.
(6)Annex XXVIII to Regulation (EU) No 833/2014 should therefore be amended accordingly,
HAS ADOPTED THIS REGULATION:
Article 1#
Annex XXVIII to Regulation (EU) No 833/2014 is amended as set out in the Annex to this Regulation.
Article 2#
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
(1)the following text is deleted:‘[table with product CN codes and corresponding prices as agreed by the Price Cap Coalition]’
(2)the following sub-title is added to the table:‘Price for crude oil’
(3)the following sub-title and table are added:‘Prices for petroleum productsCN Code | Description | Premium to crude oil/Discount to crude oil | Price per barrel (USD) | Date of application| Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than those containing biodiesel and other than waste oils |271012 | Light oils and preparations27101211 | For undergoing a specific process | Discount to crude oil | 45 | 5 February 202327101215 | For undergoing chemical transformation by a process other than those specified in respect of subheading 27101211 | Discount to crude oil | 45 | 5 February 2023| For other purposesSpecial spirits |27101221 | White spirit | Discount to crude oil | 45 | 5 February 202327101225 | Other | Discount to crude oil | 45 | 5 February 2023| OtherMotor spirit |27101231 | Aviation spirit | Premium to crude oil | 100 | 5 February 2023| Other, with a lead contentNot exceeding 0,013 g per litre |27101241 | With an octane number (RON) of less than 95 | Premium to crude oil | 100 | 5 February 202327101245 | With an octane number (RON) of 95 or more but less than 98 | Premium to crude oil | 100 | 5 February 202327101249 | With an octane number (RON) of 98 or more | Premium to crude oil | 100 | 5 February 202327101250 | Exceeding 0,013 g per litre | Premium to crude oil | 100 | 5 February 202327101270 | Spirit type jet fuel | Premium to crude oil | 100 | 5 February 202327101290 | Other light oils | Premium to crude oil | 100 | 5 February 2023271019 | Other || Medium oils27101911 | For undergoing a specific process | Premium to crude oil | 100 | 5 February 202327101915 | For undergoing chemical transformation by a process other than those specified in respect of subheading 27101911 | Premium to crude oil | 100 | 5 February 2023| For other purposesKerosene |27101921 | Jet fuel | Premium to crude oil | 100 | 5 February 202327101925 | Other | Premium to crude oil | 100 | 5 February 202327101929 | Other | Premium to crude oil | 100 | 5 February 2023| Heavy oilsGas oils |27101931 | For undergoing a specific process | Premium to crude oil | 100 | 5 February 202327101935 | For undergoing chemical transformation by a process other than those specified in respect of subheading 27101931 | Premium to crude oil | 100 | 5 February 2023| For other purposes |27101943 | With a sulphur content not exceeding 0,001 % by weight | Premium to crude oil | 100 | 5 February 202327101946 | With a sulphur content exceeding 0,001 % by weight but not exceeding 0,002 % by weight | Premium to crude oil | 100 | 5 February 202327101947 | With a sulphur content exceeding 0,002 % by weight but not exceeding 0,1 % by weight | Premium to crude oil | 100 | 5 February 202327101948 | With a sulphur content exceeding 0,1 % by weight | Premium to crude oil | 100 | 5 February 2023| Fuel oils |27101951 | For undergoing a specific process | Discount to crude oil | 45 | 5 February 202327101955 | For undergoing chemical transformation by a process other than those specified in respect of subheading 27101951 | Discount to crude oil | 45 | 5 February 2023| For other purposes |27101962 | With a sulphur content not exceeding 0,1 % by weight | Discount to crude oil | 45 | 5 February 202327101966 | With a sulphur content exceeding 0,1 % by weight but not exceeding 0,5 % by weight | Discount to crude oil | 45 | 5 February 202327101967 | With a sulphur content exceeding 0,5 % by weight | Discount to crude oil | 45 | 5 February 2023| Lubricating oils; other oils |27101971 | For undergoing a specific process | Premium to crude oil | 100 | 5 February 202327101975 | For undergoing chemical transformation by a process other than those specified in respect of subheading 27101971 | Discount to crude oil | 45 | 5 February 2023| For other purposes |27101981 | Motor oils, compressor lube oils, turbine lube oils | Discount to crude oil | 45 | 5 February 202327101983 | Hydraulic oils | Discount to crude oil | 45 | 5 February 202327101985 | White oils, liquid paraffin | Discount to crude oil | 45 | 5 February 202327101987 | Gear oils and reductor oils | Discount to crude oil | 45 | 5 February 202327101991 | Metal-working compounds, mould-release oils, anti-corrosion oils | Discount to crude oil | 45 | 5 February 202327101993 | Electrical insulating oils | Discount to crude oil | 45 | 5 February 202327101999 | Other lubricating oils and other oils | Discount to crude oil | 45 | 5 February 2023271020 | Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, containing biodiesel, other than waste oils || Gas oils27102011 | With a sulphur content not exceeding 0,001 % by weight | Premium to crude oil | 100 | 5 February 202327102016 | With a sulphur content exceeding 0,001 % by weight but not exceeding 0,1 % by weight | Premium to crude oil | 100 | 5 February 202327102019 | With a sulphur content exceeding 0,1 % by weight | Premium to crude oil | 100 | 5 February 2023| Fuel oils |27102032 | With a sulphur content not exceeding 0,5 % by weight | Discount to crude oil | 45 | 5 February 202327102038 | With a sulphur content exceeding 0,5 % by weight | Discount to crude oil | 45 | 5 February 202327102090 | Other oils | Discount to crude oil | 45 | 5 February 2023| Waste oils |271091 | Containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs) | Discount to crude oil | 45 | 5 February 2023271099 | Other | Discount to crude oil | 45 | 5 February 2023
Annex XXVIII to Council Regulation (EU) No 833/2014 is amended as follows:
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