My DW live: Russia ban on oil sales to price-cap nations has no significant effect. Russia will be selling less oil over time & sanctions complicate shipping insurance. Meanwhile, Ukraine-allies’ price cap encourages India & China to demand lower prices from Russia without officially joining cap.

The title and brief interview is rather self-explanatory. The interview starts after a brief intro, after 30 seconds.

Thanks to Daniel Winters, German national broadcaster Deutsche Welle’s (DW.de) English language Business News host for this invitation. We spoke, in Berlin, only a few hours after the cap was announced in Moscow.