Russia Ukraine war, page-48795

Yup... very soon near $0 revenue from oil for Russia. Price cap isn;t in place and countries like India and China are just buying a product at a discounted price, which is good for their economies. Pre-war Ural oil recent average was around US$80/bbl, now around US$68/bbl

The profit from oil has dropped considerately already.

Cost to produce in Russia ~US$37/bbl
Used to have cheaper transportation to Europe about $5US/BBL. and cheap insurance, now having to ship to China, India and other locations, between $10-$15 per bbl to ship, insurance costs are also up for the Russians given the risk in where it is coming from.

So break even cost for a Russian/state own company is around $50/bbl. Ural oil price is US$68/bbl and going lower.

Current Ural profit about US $18/bbl.
Well below the pre-war profit of around $80-$5-37 = US$38/bbl

Likely to go much lower with price cap adoption.

What is Russia gaining by invading the Ukraine?
All the pro-Russian posters just think short term, months, Russia is going backwards on the scale of decades.