ResearchPolicy2026-11-02
Urals Price-Cap Red Line: Three Documents — Bill of Lading, Certificate of Origin, Inspection
The G7 caps Urals at $60/bbl; compliance hinges on three closing documents. The auto-reject list names only Iran; Iraq is exempt.
Sanctions Compliance
SNSUC Research · Tag archive
Tag
Sanctions Compliance
Total 6 items
ResearchPolicy2026-11-01
Urals $60 Cap Enforced via Three-document Check; Iran Sole Auto-reject, Iraq Exempt
SNSUC sanctions screen auto-rejects Iran only; Iraq has been exempt since 2026-10-02. Urals re-exports need three documents tracing back under the $60 cap.
ResearchPolicy2026-10-21
Urals $60 Price Cap Trips Document Rule; Iran Sole Auto-Reject, Iraq Exempt
Urals holds the $60 cap with invoice, bill of lading and origin certificate checked up front; Iran origins auto-reject, Iraq has been exempt since 2026-10-02.
ResearchPolicy2026-10-17
Urals holds the $60 price cap; cargo off the transshipment list until three documents reconcile
SNSUC compliance keeps Urals deals under the $60-a-barrel line, enforced through bill of lading, inspection and fund-flow certificates that must all reconcile.
ResearchPolicy2026-10-13
The $60 Urals Price-Cap Line and How the Three-Document Mechanism Works
Under the G7 $60 seaborne-price cap on Russian crude, buyers must hold invoice, bill of lading and carrier certificate to prove the purchase price stayed under the line; SNSUC's sanctions screen auto-rejects Iran and exempts Iraq from 2026-10-02.
ResearchPolicy2026-10-11
Urals $60 Price Cap Still Binds, Three-Document Rule Gates Re-export Compliance
Among seven re-export grades, Urals is bound by the G7 $60 cap; invoice, bill of lading and load-port certificate must agree on price and stay under the line. As an offshore intermediary SNSUC never carries that risk for the buyer.
