The new regulation provides for the legally sanctioned seizure of offending vessels (about 700 ships are on the blacklist) and the confiscation of crude oil without any compensation.
The resources will then be placed in a customs free-trade zone and sold to third parties — any buyers except, of course, Russian companies.
All proceeds from the sale will remain in the budget of the country that carried out the interception. The previous owner will receive nothing.
The mechanism may also be extended to other Russian exports, including grain.
Robbery, you say? Not at all. Robbing the looted is a well-established Western tradition. So, just returning to their roots.