❗️Norway seized the Russian-owned Professor Molchanov near Svalbard to enforce a $4.22 billion compensation award won by Ukraine's Naftogaz over assets seized by Russia in Crimea. The vessel was detained after a 24-hour standoff with the Norwegian Coast Guard. A Norwegian court approved its arrest and compulsory sale after Moscow failed to pay the award ordered by a Hague tribunal in 2023. Naftogaz says it will continue pursuing Russian assets worldwide.
❗️Norway seized the Russian-owned Professor Molchanov near Svalbard to enforce a $4.22 billion compensation award won by Ukraine's Naftogaz over assets seized by Russia in Crimea. The vessel was detained after a 24-hour standoff with the Norwegian Coast Guard. A Norwegian court approved its arrest and compulsory sale after Moscow failed to pay the award ordered by a Hague tribunal in 2023. Naftogaz says it will continue pursuing Russian assets worldwide.
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