Norway has seized a Russian ship in the Arctic to enforce a compensation claim by Ukrainian energy firm Naftogaz, linked to Russian asset seizures in Crimea. Norway said Wednesday it had seized a Russian ship as part of a Ukrainian effort to recover $4.22 billion awarded to state energy firm Naftogaz over Russia’s seizure of its assets in Crimea in 2014. Key points and original sources are listed below.
- Norway has seized a Russian ship in the Arctic to enforce a compensation claim by Ukrainian energy firm Naftogaz, linked to Russian asset seizures in Crimea.S1
- Norway said Wednesday it had seized a Russian ship as part of a Ukrainian effort to recover $4.22 billion awarded to state energy firm Naftogaz over Russia’s seizure of its assets in Crimea in 2014. The Professor Molchanov vessel was detained off the Arctic Sv...S2
- The vessel, the Professor Molchanov, was seized off the Norwegian Arctic archipelago of Svalbard after a 24-hour standoff with the Norwegian Coast Guard, according to Covington.S3
- Seizure follows The Hague tribunal’s order that Russia return $4.2bn of Naftogaz assets expropriated in Crimea in 2014S4
- Moscow challenges Norway's seizure of vessel, the Professor Molchanov, calling it an act of piracy.S5
- Norwegian authorities have impounded a Russian-owned expedition cruise vessel in Svalbard on behalf of Ukraine's state energy company, Naftogaz, which is hunting Russian assets worldwide to collect on an arbitration award stemming from Russia’s illegal annexat...S6
- A Russian Foreign Ministry spokesperson said the seizure of the ship amounts to an act of “piracy.”S7
- Russia called the Norwegian action ‘piracy’S8