Norway seizes Russian vessel to enforce $4.2 bil. Ukrainian arbitration claim
Norwegian authorities seized a Russian vessel in the Arctic archipelago of Svalbard on Wednesday at the request of Ukraine’s Naftogaz as part of a global effort to enforce a $4.22 billion arbitration award. Naftogaz is trying to recover the multibillion-dollar arbitration award stemming from Russia’s 2014 illegal annexation of Crimea and its seizure of Ukrainian energy assets, including gas…
Norway has seized a Russian vessel in the Arctic archipelago of Svalbard at the request of Ukraine’s Naftogaz, as part of a global effort to enforce a $4.22 billion arbitration award. The award, stemming from Russia’s 2014 illegal annexation of Crimea and seizure of Ukrainian energy assets, including gas fields and pipelines, was ordered by an arbitration tribunal in The Hague in 2023.
Naftogaz CEO Sergii Fedorenko emphasized that this action is a significant step towards restoring justice for Russia’s unlawful seizure of Naftogaz assets in Crimea, stating that Russia cannot evade responsibility by refusing to comply with an international arbitral award.
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- Russian Black Sea attacks, low Danube waters push EU to seek alternative routes for Ukrainian grain exports euromaidanpress.com
- Norway seizes Russian ship over US$4.2 billion claim by Ukrainian energy firm scmp.com
- Norway seizes Russian vessel to enforce $4.2 bil. Ukrainian arbitration claim koreatimes.co.kr
- Ukrainian Navy strikes Russian support vessel NEFRIT in Sochi port english.nv.ua
- Norway seizes Russian ship in Arctic over Crimea compensation claim aljazeera.com
