Norway Seizes Russian Vessel to Enforce Naftogaz’s $4.2 Billion Award

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Source: The Moscow Times
Norway Seizes Russian Vessel to Enforce Naftogaz’s $4.2 Billion Award
Photo: The Moscow Times
TL;DR Summary

Norway seized the Russian-owned vessel Professor Molchanov near Svalbard to enforce Naftogaz’s $4.2 billion Hague arbitral award for Crimea expropriation, after a standoff with the coast guard; Russia calls it piracy, while Naftogaz says it will continue pursuing asset enforcement across multiple jurisdictions.

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