The G7 $60/bbl price cap on Russian seaborne crude remains a hard constraint on SNSUC's resale desk. Every Urals cargo needs a complete triple of documents before it sails: the commercial invoice stating a deal price at or below $60, the bill of lading with a traceable title-transfer path, and a buyer compliance attestation confirming the price stays under the cap and the carrier is not a sanctioned party. Drop any one and the cargo does not leave port.

Iraqi origin cleared in October this year, widening SNSUC's resale basket from pure Russian grades to Mideast lights like Basrah Light, but the Urals document bar did not move. In practice we add two steps: an AIS track check on the carrying vessel to confirm it never called a sanctioned port, and a CIF-to-FOB conversion on the invoice price before the cap test, so freight swings cannot push the booked price over the line.

The red line is plain: any Urals batch showing a deal price above $60 without a full triple of documents is rejected outright. That is SNSUC's sanctions-compliance rule, with no exception lane.