Shipowners and insurers rely on unscrutinised attestations to keep Russian oil price cap alive
Of the 300 tankers tracked at eight key Russian export ports in September, 137 provided documentation to Western insurers indicating sanctions compliance even as oil prices were assessed $22 per barrel above limits
Attestation documentation is doing all the heavy lifting for G7 sanctions on Russia, but its effectiveness remains unscrutinised as crude prices continue to defy the oil price cap for a third consecutive month
