Decision 2014/512/CFSP is amended as follows:
(1)
Article 4o is amended as follows:
(a)
paragraph 1 is replaced by the following:
‘1. It shall be prohibited to purchase, import or transfer, directly or indirectly, crude oil or petroleum products, as listed in Annex XIII to this Decision, if they originate in Russia or are exported from Russia.’
;
(b)
in paragraph 3, point (c) is replaced by the following:
‘(c)
to the purchase, import or transfer of seaborne crude oil and of petroleum products, as listed in Annex XIII to this Decision, where those goods originate in a third country and are only being loaded in, departing from, or transiting through Russia, provided that both the origin and the owner of those goods are non-Russian;’;
(c)
paragraph 5 is replaced by the following:
‘5. As of 5 December 2022, and by way of derogation from paragraphs 1 and 2, the competent authorities of Bulgaria may authorise the execution until 31 December 2024 of contracts concluded before 4 June 2022, or of ancillary contracts necessary for the execution of such contracts, for the purchase, import or transfer of seaborne crude oil and of petroleum products, as listed in Annex XIII to this Decision, originating in Russia or exported from Russia.’
;
(d)
paragraph 9 is replaced by the following:
‘9. The prohibitions in paragraph 1 shall not apply to purchases in Russia of crude oil or petroleum products, as listed in Annex XIII to this Decision, which are required in order to meet the essential needs of the purchaser in Russia or of humanitarian projects in Russia.’
;
(2)
Article 4p is amended as follows:
(a)
paragraph 1 is replaced by the following:
‘1. It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services or financing or financial assistance, related to the trading, brokering or transport, including through ship-to-ship transfers, to third countries of crude oil or petroleum products, as listed in Annex XIII to this Decision, which originate in Russia or which have been exported from Russia.’
;
(b)
in paragraphs 4 and 5, the phrase ‘Annex XXV to Regulation (EU) No 833/2014’ is replaced by ‘Annex XIII to this Decision’;
(c)
paragraph 6 is replaced by the following:
‘6. The prohibitions in paragraphs 1 and 4 shall not apply:
(a)
as of 5 December 2022, to crude oil falling under CN code 2709 00, and as of 5 February 2023, to petroleum products falling under CN code 2710, which originate in Russia or which have been exported from Russia, provided that the purchase price per barrel of such products does not exceed the prices laid down in Annex XI to this Decision;
(b)
to crude oil or petroleum products as listed in Annex XIII to this Decision where those goods originate in a third country and are only being loaded in, departing from or transiting through Russia, provided that both the origin and the owner of those goods are non-Russian;
(c)
to the transport, or to technical assistance, brokering services, financing or financial assistance related to such transport, of the products mentioned in Annex XII to this Decision to the third countries mentioned therein, for the duration specified in that Annex;
(d)
as of 5 December 2022, to crude oil falling under CN code 2709 00, which originates in Russia or which has been exported from Russia purchased above the price laid down in Annex XI to this Decision which is loaded onto a vessel at the port of loading prior to 5 December 2022 and unloaded at the final port of destination prior to 19 January 2023;
(e)
as of 5 February 2023, to petroleum products falling under CN code 2710, which originate in Russia or which have been exported from Russia purchased above the respective price laid down in Annex XI to this Decision which are loaded onto a vessel at the port of loading prior to 5 February 2023 and unloaded at the final port of destination prior to 1 April 2023.’
;
(d)
paragraph 12 is replaced by the following:
‘12. The functioning of the price cap mechanism, including Annex XI as well as the prohibitions in paragraphs 1 and 4 of this Article, shall be reviewed by mid-March 2023 and every 2 months thereafter.
The review shall take into account the effectiveness of the measure in terms of its expected results, its implementation, international adherence to and informal alignment with the price cap mechanism, and its potential impact on the Union and its Member States. It shall respond to developments in the market, including possible turbulences.
In order to achieve the objectives of the price cap, including its ability to reduce Russia’s oil revenues, the price cap shall be at least 5 % below the average market price for Russian oil and petroleum products, calculated on the basis of data provided by the International Energy Agency.’
;
(3)
the Annexes are amended in accordance with the Annex to this Decision.
This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union .
ANNEXSupplementary provisions
ANNEX
The Annexes to Decision 2014/512/CFSP are amended as follows:
(1)
Annex XI is amended as follows:
(a)
the text ‘[table with product CN codes and corresponding prices as agreed by the Price Cap Coalition]’ is replaced by the following subheading:
‘Price for crude oil’;
(b)
the following subheading and table are added:
‘
Prices for petroleum products
CN 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
2710 12
Light oils and preparations
2710 12 11
For undergoing a specific process
Discount to crude oil
45
5 February 2023
2710 12 15
For undergoing chemical transformation by a process other than those specified in respect of subheading 2710 12 11
Discount to crude oil
45
5 February 2023
For other purposes
Special spirits
2710 12 21
White spirit
Discount to crude oil
45
5 February 2023
2710 12 25
Other
Discount to crude oil
45
5 February 2023
Other
Motor spirit
2710 12 31
Aviation spirit
Premium to crude oil
100
5 February 2023
Other, with a lead content
Not exceeding 0,013 g per litre
2710 12 41
With an octane number (RON) of less than 95
Premium to crude oil
100
5 February 2023
2710 12 45
With an octane number (RON) of 95 or more but less than 98
Premium to crude oil
100
5 February 2023
2710 12 49
With an octane number (RON) of 98 or more
Premium to crude oil
100
5 February 2023
2710 12 50
Exceeding 0,013 g per litre
Premium to crude oil
100
5 February 2023
2710 12 70
Spirit type jet fuel
Premium to crude oil
100
5 February 2023
2710 12 90
Other light oils
Premium to crude oil
100
5 February 2023
2710 19
Other
Medium oils
2710 19 11
For undergoing a specific process
Premium to crude oil
100
5 February 2023
2710 19 15
For undergoing chemical transformation by a process other than those specified in respect of subheading 2710 19 11
Premium to crude oil
100
5 February 2023
For other purposes
Kerosene
2710 19 21
Jet fuel
Premium to crude oil
100
5 February 2023
2710 19 25
Other
Premium to crude oil
100
5 February 2023
2710 19 29
Other
Premium to crude oil
100
5 February 2023
Heavy oils
Gas oils
2710 19 31
For undergoing a specific process
Premium to crude oil
100
5 February 2023
2710 19 35
For undergoing chemical transformation by a process other than those specified in respect of subheading 2710 19 31
Premium to crude oil
100
5 February 2023
For other purposes
2710 19 43
With a sulphur content not exceeding 0,001 % by weight
Premium to crude oil
100
5 February 2023
2710 19 46
With a sulphur content exceeding 0,001 % by weight but not exceeding 0,002 % by weight
Premium to crude oil
100
5 February 2023
2710 19 47
With a sulphur content exceeding 0,002 % by weight but not exceeding 0,1 % by weight
Premium to crude oil
100
5 February 2023
2710 19 48
With a sulphur content exceeding 0,1 % by weight
Premium to crude oil
100
5 February 2023
Fuel oils
2710 19 51
For undergoing a specific process
Discount to crude oil
45
5 February 2023
2710 19 55
For undergoing chemical transformation by a process other than those specified in respect of subheading 2710 19 51
Discount to crude oil
45
5 February 2023
For other purposes
2710 19 62
With a sulphur content not exceeding 0,1 % by weight
Discount to crude oil
45
5 February 2023
2710 19 66
With a sulphur content exceeding 0,1 % by weight but not exceeding 0,5 % by weight
Discount to crude oil
45
5 February 2023
2710 19 67
With a sulphur content exceeding 0,5 % by weight
Discount to crude oil
45
5 February 2023
Lubricating oils; other oils
2710 19 71
For undergoing a specific process
Premium to crude oil
100
5 February 2023
2710 19 75
For undergoing chemical transformation by a process other than those specified in respect of subheading 2710 19 71
Discount to crude oil
45
5 February 2023
For other purposes
2710 19 81
Motor oils, compressor lube oils, turbine lube oils
Discount to crude oil
45
5 February 2023
2710 19 83
Hydraulic oils
Discount to crude oil
45
5 February 2023
2710 19 85
White oils, liquid paraffin
Discount to crude oil
45
5 February 2023
2710 19 87
Gear oils and reductor oils
Discount to crude oil
45
5 February 2023
2710 19 91
Metal-working compounds, mould-release oils, anti-corrosion oils
Discount to crude oil
45
5 February 2023
2710 19 93
Electrical insulating oils
Discount to crude oil
45
5 February 2023
2710 19 99
Other lubricating oils and other oils
Discount to crude oil
45
5 February 2023
2710 20
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 oils
2710 20 11
With a sulphur content not exceeding 0,001 % by weight
Premium to crude oil
100
5 February 2023
2710 20 16
With a sulphur content exceeding 0,001 % by weight but not exceeding 0,1 % by weight
Premium to crude oil
100
5 February 2023
2710 20 19
With a sulphur content exceeding 0,1 % by weight
Premium to crude oil
100
5 February 2023
Fuel oils
2710 20 32
With a sulphur content not exceeding 0,5 % by weight
Discount to crude oil
45
5 February 2023
2710 20 38
With a sulphur content exceeding 0,5 % by weight
Discount to crude oil
45
5 February 2023
2710 20 90
Other oils
Discount to crude oil
45
5 February 2023
Waste oils
2710 91
Containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs)
Discount to crude oil
45
5 February 2023
2710 99
Other
Discount to crude oil
45
5 February 2023’
(2)
the following annex is added:
‘ANNEX XIII
List of crude oil and petroleum products referred to in Articles 4o and 4p
CN code
Description
ex 2709 00
Petroleum oils and oils obtained from bituminous minerals, crude other than natural gas condensates of subheading CN 2709 00 10 from liquefied natural gas production plants
2710
Petroleum oils and oils obtained from bituminous minerals, other than crude; 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; waste oils
’
