[libh8er]

unless the Russian oil is priced at or below ..

So it's not about sanctions. It's about pricing.

[Widget Jr]

"India will also further diversify its oil imports to better prepare for future OPEC+ production cuts that raise oil prices and tighten supply, its Petroleum Minister Hardeep Singh Puri said last week."

If India can achieve this to what is economically acceptable for them, this will give them more leverage in dealing with Russia. It will also mean the rest of the oil refinery industry is on its way to adjusting as well. Less harmful if not good for everyone else, bad for Russia using oil as a instrument of politics.

[Dogbert41]

So we are setting up a “price cap”? Lol. Let’s go Brandon!

[cranked]

Not going to help things in Germany or Europe though...

“Germany’s Apokalypse Now”
https://www.tabletmag.com/sections/news/articles/germany-apokalypse-now

[allendale]

Give a big enough discount and Russian oil will find its way to refiners around the world. Russian discounted oil is the main reason gasoline have not soared even higher and why OPEC absolutely refused to pump more oil.

[thegagline]

Oil is fungible. Russian oil will continue to flow to China.