New Zealand lowers Russian oil price cap in new sanctions
Friday 12 September 2025 · 2 outlets · 2 reports · updated In this story Winston Peters, New Zealand Government, Vladimir Putin, Associated Press, European Union
Foreign Minister Winston Peters has announced new sanctions targeting Russia's oil revenue and military intelligence. The government is lowering the price cap on Russian crude oil from US$60 to US$47.60 per barrel. Additionally, new sanctions have been placed on Russian actors involved in cyber-attacks against Ukraine.