Norway seizes Russian ship in Arctic
Norway has seized a Russian state-owned ship in the Arctic after Ukraine’s Naftogaz sought assets to recover billions from Moscow. The vessel, Professor Molchanov, arrived at Barentsburg on September 2. Barentsburg is a Russian mining settlement on Norway’s Svalbard archipelago. Norwegian authorities are now holding the ship there. The vessel cannot leave the settlement while […]
Norway has seized a Russian cruise ship near the Svalbard islands at the behest of Ukrainian energy firm Naftogaz. Naftogaz is pursuing a $4.22 billion claim against Russia for the unlawful seizure of its assets when Russia annexed Crimea in 2014. The Ukrainian company announced that Norwegian authorities seized the vessel Professor Molchanov at the port of Barentsburg in Svalbard.
The ship has been under Naftogaz's radar for months, as the arbitral award recognizing Russia's obligations in the case has been recognized in Norway. The vessel was ordered to remain at its current location, and the Governor of Svalbard must take steps to prevent it from being moved. Naftogaz's acting CEO, Sergii Fedorenko, affirmed that they will continue their pursuit of Russian assets worldwide until the awarded compensation is paid.
Written by urgent.news from OilPrice's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
