There's a model for applying sanctions to Russia, the 2012 sanctions on Iran. As long as buyers were reducing their oil imports over the prior 6 months, they co

There's a model for applying sanctions to Russia, the 2012 sanctions on Iran. As long as buyers were reducing their oil imports over the prior 6 months, they could buy. The money is put into an escrow account owned by the sanctioned country. If the conditions for lifting sanctions are met, there's a pay day. The regime doesn't get money to fund war, the market avoids a price spike. Iran went along with it, I'm not sure how much choice they had. Whereas Russia could just say no, especially if China and/or India buys the overage (if they can get it there in volume). That's why there would need to be secondary sanctions. https://twitter.com/edwardfishman/status/1500496727526281220 https://twitter.com/edwardfishman/status/1500496727526281220