Russian Refineries Will Have to Adjust to the Price Cap on Seaborn Crude Oil

Russia is in quite a different position because it does have pretty skilled technicians and lots of qualified personnel and those people are not leaving the country. So let's switch back to some more short term issues. We've talked a little bit about the price cap on seaborn crude oil exports but we also have a price cap for petroleum products coming on February 5th. What does this mean for the Russian downstream sector? I mean you mentioned the importance of oil export revenues. Historically petroleum products have been a big source of export revenue as well.