OSLO, Norway (AP) – Norwegian authorities seized a Russian vessel in the Arctic archipelago of Svalbard on Wednesday at the request of Ukraine’s Naftogaz as part of a global effort to enforce a $4.22 billion arbitration award.
Naftogaz is trying to recover the multibillion-dollar arbitration award stemming from Russia’s 2014 illegal annexation of Crimea and its seizure of Ukrainian energy assets, including gas fields and pipelines.
In 2023, an arbitration tribunal in The Hague ordered Russia to pay the $4.22 billion to the Ukrainian state-owned energy company for unlawfully seizing its assets in Crimea.
After Russia’s refusal to pay the award…
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