“The price of Russia’s Urals grade, shipped from the Baltic port of Primorsk, was assessed at well below the price cap on Thursday, at just $41.59 per barrel according to Argus.”
Although the headline of the linked story was that Russia sold a cargo of ESPO Grade crude oil, from Russia’s Far East, above the price cap ($67), ESPO accounts for only a small proportion of Russia’s production. Buried in the story was the current sale price for Russia’s main oil export - Urals Grade. At just $41.59 per barrel, it is far below the $70 estimate that is the basis for Russia’s 2023 budget.
Lets hope Russian oil pricing continues this way. Russia will not have the money (income) to make war on Ukraine.