It’s telling that one of the first actions that Russian forces took in their invasion of Ukraine was to blow up a dam on the North Crimean Canal (NCC), allowing water to flow back into Crimea. The current war being waged by Russia in Ukraine has its origins in fractured and contested political history, but there are also key natural resource security questions which often go overlooked. While there are established debates about the extent to which natural resources contribute to conflict, the current conflagration exemplifies a rare use of water as a means of direct leverage in a military standoff. Regardless of the outcome of the conflict, the tensions between Russia and Ukraine over the NCC illustrate the need to consider the role of natural resources—and access to them—in broader diplomatic efforts.