In a significant development that has caught the attention of global markets, Russian Urals grade crude oil is reportedly being traded at approximately $75 a barrel, thereby surpassing the G7's imposed price cap of $60. This situation highlights the challenges of enforcing international sanctions and the dynamics of global oil trade. The bypassing of the price cap underscores the complexity of the global energy market and raises questions about the effectiveness of such sanctions in influencing Russia's economic activities, particularly in the context of its energy exports.