Recital 4

Council Regulation (EU) 2026/1805 of 16 July 2026 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine · European Union

(4) Decision (CFSP) 2026/1804 postpones the date of application of the mechanism for amending the crude oil price cap. Council Decision (CFSP) 2025/1495 (4) established a procedure for adjusting that price cap by reference to the average market price of Russian crude oil. That postponement is intended to provide the Council with additional time to examine and adopt any amendment that might be necessary in light of market developments, thereby ensuring an orderly and well-considered decision-making process.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.