Figures from trading platforms also show that Russia is still gaining a lot. For example, the price of Urals oil was higher than the price ceiling set by Western countries months ago, which was $60.
The fact that the Russians still earn a lot from oil sales is probably because they can bring a lot of oil to the world market through bypass routes and at high prices. In addition, many countries did not impose sanctions at all.
Western countries in particular have done so. They want to hit the revenues of the Russian treasury, because the money is used in the war against Ukraine. One measure is a ban on the import of Russian oil to Europe.
In addition, a price ceiling has been set. This means that companies from Western countries are not allowed to provide services to ships carrying oil sold for more than $60 per barrel. This relates, for example, to ship or cargo insurance. For example, there are several marine insurance companies in the UK, which have also imposed sanctions.
