Royal Marine Commandos stormed a Russian oil tanker in the English Channel on June 14, marking the first time British armed forces have boarded and seized a sanctioned vessel in those waters. The target: a tanker called the SMYRTOS, part of a sprawling shadow fleet that keeps Russian oil revenue flowing despite Western sanctions.

The operation lasted six hours. The ship is now sitting under armed surveillance off the southern coast of England. Crew members aboard shadow fleet vessels like the SMYRTOS are reportedly paid their salaries in USDT stablecoins, averaging $2,000 to $3,000 per month.

What happened and why it matters

The boarding operation took place in the early hours of a Sunday morning, involving Royal…