UK Weighs Seizing Russia's Shadow Fleet As Oil Revenues Plummet
Britain is threatening to seize a Russian-linked tanker in an escalating move that could draw the country into a new front against Moscow at a time when its oil revenues are collapsing.
The US-led seizure of a Russian tanker in January has left the UK and other Nato allies scrambling for options. A joint statement signed by the UK, Germany, France, and other countries bordering the Baltic and North seas last month called on all vessels sailing through the region to strictly comply with international law.
Despite setting conditions for a seizure, nothing has followed. The Royal Navy is ready to challenge any number of ships under maritime law, but it hasn't acted yet due to escalatory risks. A briefing by the Royal Marines recently warned that if they were given the order to seize a ship, they would be "champing at the bit".
The Russian shadow fleet is a collection of ageing tankers, often more than 20 years old, which Moscow has bought to circumvent sanctions. These ships are flying flags from jurisdictions with weak controls or enforcement efforts, making them vulnerable to seizure.
The UK Defence Secretary, John Healey, said that Britain would host a meeting of Baltic and Nordic countries to discuss military options, adding that any seized oil could be sold and used to support Ukraine's fight against Russia.
Russia produces over 10m barrels of oil per day, with approximately 5-6m going to sea. The US has imposed a price cap on Russian seaborne crude exports, which Moscow has responded to by spending billions on buying ageing tankers.
The EU is considering a total ban on providing maritime services to Russian ships, which could be "very painful" for Moscow. If implemented, it would likely lead to further escalation and potentially draw in other countries.
The seizure of one or two shadow fleet vessels may not have a significant impact on Moscow's economy, with oil exports remaining above 5m barrels per day. However, Russia is reacting to western threats by re-registering these tankers under the Russian flag, making them harder to seize.
Britain's sabre-rattling comes at a time when Russia's economy appears more vulnerable than before. Falling global oil prices are hurting the Russian treasury, with oil and gas revenues falling by 24% in 2025 to 8.5 trillion rubles. The UK is weighing its options carefully, but the situation remains volatile as tensions escalate between Moscow and the West.
Britain is threatening to seize a Russian-linked tanker in an escalating move that could draw the country into a new front against Moscow at a time when its oil revenues are collapsing.
The US-led seizure of a Russian tanker in January has left the UK and other Nato allies scrambling for options. A joint statement signed by the UK, Germany, France, and other countries bordering the Baltic and North seas last month called on all vessels sailing through the region to strictly comply with international law.
Despite setting conditions for a seizure, nothing has followed. The Royal Navy is ready to challenge any number of ships under maritime law, but it hasn't acted yet due to escalatory risks. A briefing by the Royal Marines recently warned that if they were given the order to seize a ship, they would be "champing at the bit".
The Russian shadow fleet is a collection of ageing tankers, often more than 20 years old, which Moscow has bought to circumvent sanctions. These ships are flying flags from jurisdictions with weak controls or enforcement efforts, making them vulnerable to seizure.
The UK Defence Secretary, John Healey, said that Britain would host a meeting of Baltic and Nordic countries to discuss military options, adding that any seized oil could be sold and used to support Ukraine's fight against Russia.
Russia produces over 10m barrels of oil per day, with approximately 5-6m going to sea. The US has imposed a price cap on Russian seaborne crude exports, which Moscow has responded to by spending billions on buying ageing tankers.
The EU is considering a total ban on providing maritime services to Russian ships, which could be "very painful" for Moscow. If implemented, it would likely lead to further escalation and potentially draw in other countries.
The seizure of one or two shadow fleet vessels may not have a significant impact on Moscow's economy, with oil exports remaining above 5m barrels per day. However, Russia is reacting to western threats by re-registering these tankers under the Russian flag, making them harder to seize.
Britain's sabre-rattling comes at a time when Russia's economy appears more vulnerable than before. Falling global oil prices are hurting the Russian treasury, with oil and gas revenues falling by 24% in 2025 to 8.5 trillion rubles. The UK is weighing its options carefully, but the situation remains volatile as tensions escalate between Moscow and the West.