Putin Threatens Retaliation as Europe Seizes Russian Oil-Carrying Ships

Russian President Vladimir Putin on Wednesday 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. Moscow has bristled at the moves, with Putin calling it "piracy and banditry". "We will be forced to respond in kind," the Kremlin chief said while overseeing naval drills in Russia's Far East.