This is the best tl;dr I could make, original reduced by 67%. (I'm a bot)

> Germany on Wednesday shrugged off Russia's ban on oil sales to countries and companies that comply with a price cap agreed by Western allies, saying it has "No practical significance."

> "I would not like to say that it's irrelevant but it has no practical significance," said an economy ministry spokeswoman, adding that Germany has been preparing since early summer to do without Russian oil.

> Oil prices barely change as Russia unveils export ban.

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