China and India are paying around $40/bbl. I think that’s the Russians giving the middle finger to the west. I believe the Ruskies are building a pipeline that will go through Iran and terminate in the Indian Ocean. Germany and Europe are toast if that’s the case.
In other words, Russia is forced to sell its oil for much less money, which is good because most of Russia’s revenue comes from oil and natural gas.
Building a pipeline through Central Asia would take many years and cost a lot of money, which Russia doesn’t have. It would also be difficult if not impossible for Russia to get the needed technology, which is Western-owned.