The US Treasury Department has allowed a US company to buy Russian oil through an intermediary bank in a third country which has not joined the anti-Russian sanctions
Thus, the dollar payment will go to the third country’s bank and from there to Russia.
Hong Kong traders are already rushing to offer the best terms.
As a result, the US buyer will simply pay more, Russia will receive the full amount, and some interest will be deposited in Hong Kong, under the PRC.