Capping oil prices is a double-edged sword. But the facts show that all these actions and sanctions are for the TV. Facts say otherwise.
Putin "may give special permission" to sell oil and oil products bypassing the decree under certain circumstances - language that potentially leaves room for maneuver to sell oil to the markets of India and China.
Ten days after the oil price cap went into effect, the Financial Times reported that at least seven crude oil tankers were sailing from Russia to India with Western insurance. Deals that appear to have been made under restrictions.