Norway seizes Russian cruise ship near Svalbard over Naftogaz Crimea compensation claim
Norway has seized a Russian-owned vessel in the Arctic as part of efforts to enforce a compensation award linked to Ukraine's Naftogaz and assets expropriated in Crimea. The ship, Professor Molchanov, was taken off the Norwegian Arctic archipelago of Svalbard after a 24-hour standoff with the Norwegian Coast Guard. The move has triggered a sharp response from Moscow, which has described the seizure as piracy.According to the supporting material, the action came after Russia failed to pay Naftogaz $4.22bn, plus interest and legal costs, following a tribunal ruling in The Hague in 2023. Naftogaz said the seizure formed part of... [Continue Reading]
360LiveNews | 03 Sep 2026 11:03 LONDON
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