Norway seizes Russian ship over Naftogaz award, the company says
Naftogaz said the 2023 award totals $4.22 billion plus interest and costs as Norway holds the ship indefinitely pending court action.
- On Wednesday, Norwegian authorities seized the Russian vessel Professor Molchanov in Barentsburg, Svalbard, at Naftogaz's request to enforce a $4.22 billion Hague tribunal award for assets seized in Crimea.
- The Nord-Troms and Senja District Court issued the seizure order on August 31, clearing the legal path for detention as part of Naftogaz's global strategy to force Russia to pay for assets unlawfully taken during the 2014 annexation of Crimea.
- Svalbard Governor Lars Fause has been ordered to prevent the vessel from leaving Barentsburg and to care for the crew in collaboration with Trust Arcticugol, a Russian state-owned enterprise managing operations in the archipelago.
- Norway's action follows a spike in European efforts to intercept Russian-linked vessels, with recent seizures by France, the United Kingdom, and Sweden signaling growing willingness to enforce international law through asset seizure.
- Russian President Vladimir Putin threatened on August 12 to "respond in kind" if European countries seize Russian commercial vessels, underscoring heightened retaliation risks following the Professor Molchanov detention.
135 Articles
135 Articles
The Norwegian coast guard seized the Russian ship Professor Molchanov off the Arctic archipelago of Spitsbergen on Wednesday as part of a $4.22 billion (87.9 billion crowns) settlement that a court has ordered Russia to pay Ukrainian energy company Naftogaz for assets seized during the 2014 annexation of Crimea.
MOSCOW/OSLO (ANP/RTR) - Russia accuses Norway of piracy because that country has seized a Russian ship. The seizure is related to a case by the Ukrainian energy company Naftogaz. According to a ruling by the Permanent Court of Arbitration in The Hague, this is entitled to...
Norway seizes Russian ship in the Arctic as part of $4.2 billion claim
Russia called the Norwegian action ‘piracy’
Again, there are unpleasant news for Vladimir Putin - this time from the Arctic. Norwegian authorities have established a Russian cruise ship off Spitsbergen. Background is a court order.
Norway detained a Russian cruise ship in the Arctic at the request of the Ukrainian State Energy Company, Navtogas, in compensation for the confiscation of its assets by Moscow.
Norway seizes Russian ship to enforce $4.2 billion claim by Ukrainian energy firm
OSLO, Sept 3 (Reuters) - Norway has seized a Russian ship in the Arctic to enforce a $4.22 billion compensation claim won by Ukrainian energy firm Naftogaz over Moscow's seizure of its assets when Russia annexed Crimea in 2014, officials said late on ...
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