Belgium Seizes Shadow Fleet Vessel

Key points

• 0:00

  The Belgian government seized a Russian shadow tanker and opened a criminal investigation all in one.

• 0:00

  Countries like Venezuela, Iran, and Russia use old ships with fake papers to earn oil income under sanctions.

• 0:00

  The United States has gone after the shadow fleet that was involved with Venezuela.

• 0:00

  France previously released a Russian shadow tanker because it did not know how to prosecute.

• 0:00

  Belgium has figured out how to prosecute and is acting against Russian shadow tankers.

• 0:56

  If a small state like Belgium can act, there is no excuse for bigger countries not to go after the fleet.

• 0:56

  The United States broke the seal when it went after about 10 shadow vessels that were taking Venezuelan crude.

• 0:56

  Europeans are gearing up to do the same as the US and the UK is on the verge of jumping in.

• 0:56

  The war in Iran caused them to move crew onto floating cargo ships that cannot leave the Persian Gulf.

• 0:56

  About 200 million barrels of oil are stuck in the Persian Gulf because the shadow fleet cannot leave.

• 2:32

  The US Navy will confiscate the remaining shadow fleet within weeks to months.

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