Putin threatens seizures of European ships

Russian President Putin visits the Varyag missile cruiser of the Pacific Fleet to watch a military exercise.

Russian President Vladimir Putin on Aug. 12 threatened to seize ships belonging to European countries in retaliation for plans to sell off cargo seized from Russian “shadow fleet” vessels.

Several European companies have intercepted ships carrying Russian oil in contravention of European sanctions targeting the vital revenue source.

New sanctions passed last month permit EU members to sell the oil or any other cargo seized from the ships.