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dogerell t1_j1vfzo7 wrote

Reply to comment by pete1901 in Putin bans Russian oil exports to countries that imposed price cap -decree by PatientBuilder499

Im wondering why you're mentioning this since in the rare event a country imposing the cap buys rus oil illegally, ship to ship, is already banned from doing so.

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JimmyEDI t1_j1vhkpi wrote

There are ways to circumnavigate Ship to Ship transfers. Most notable of which entails putting the ship at danger by switching off the transponder or ghosting its location to somewhere else. STS transfers are down but the consequence for everyone is high, not just the Russians. It’s a difficult ecosystem, you have refineries, tankers, consumers all vying for the stuff. Russian oil will be used by Ukrainians in their vehicles and they won’t even know it.

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Dancing-Wind t1_j23zx7k wrote

The goal is not to embargo Russian oil - the goal is to reduce its profitability, hence the price cap. Sure 3rd parties will try to bypass the cap but not for free. Despite all the pleadges of friendship chinese and indians are buying russian oil below market price - and that is fundamentally the goal. Also 60 cap is quite high so I imagine ppl will not bother to doge caps if its already trading at around that.

of course Russians might try to still bypass it and accept sub 60 final price for the principle of it and/or to be ready when the cap drops to 50 or 40$

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