the reality is that much of the oil will still find it's way to banned countries, but with even less profit for Russia, and more for the middle men, who will then also have an incentive to keep Russia isolated.
and the price cap was intended to reduce Russian profits while not depriving the world of oil, so Russia is playing itself.
Cortical t1_j20r309 wrote
Reply to Germany shrugs off Russia’s oil export ban, says move has ‘no practical significance’. by Marciu73
the reality is that much of the oil will still find it's way to banned countries, but with even less profit for Russia, and more for the middle men, who will then also have an incentive to keep Russia isolated.
and the price cap was intended to reduce Russian profits while not depriving the world of oil, so Russia is playing itself.