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Norway Seizes Russian Ship in Arctic
Confirmed
In Short: Norway seized a Russian cruise vessel in the Arctic at the demand of Ukrainian state energy group Naftogaz, as part of a $4.2 billion claim.
Norway seized a Russian cruise vessel named Professor Molchanov in the Arctic, as demanded by Ukrainian state energy group Naftogaz, according to a statement from the company.
The seizure took place in Norway’s Svalbard archipelago under a Norwegian court order, as reported by the Norwegian newspaper Aftenposten.
Naftogaz stated that they will continue to pursue Russian assets globally until the full compensation awarded to them is paid.
The vessel was intercepted off the Norwegian Arctic archipelago of Svalbard following a 24-hour standoff with the Norwegian Coast Guard, as reported by US law firm Covington, which represents Naftogaz.
Background
Norway, officially the Kingdom of Norway, is a Nordic country comprising the western and northernmost parts of the Scandinavian Peninsula in Northern Europe, the remote Arctic island Jan Mayen and the archipelago Svalbard. Bouvet Island, located in the Subantarctic, is a dependency, and not a part of the Kingdom; Norway also claims the Antarctic territories of Peter I Island and Queen Maud Land.
What's confirmed
What's still developing
- Norway seized a Russian cruise vessel in the Arctic at the demand of Ukrainian state energy group Naftogaz as compensation for asset seizures, the company said on Wednesday.
- Naftogaz said in a statement that authorities seized the Professor Molchanov in Norway’s Svalbard archipelago under a Norwegian court order.
- Norwegian newspaper Aftenposten cited a Svalbard police official as confirming the move.
- “We will continue to pursue Russian assets around the world until the compensation awarded to Naftogaz and other companies in the Naftogaz group has been paid in full,” he said.
- The vessel, the Professor Molchanov, was intercepted off the Norwegian Arctic archipelago of Svalbard following a 24-hour standoff with the Norwegian Coast Guard, according to US law firm Covington, which represents…