Norway seizes $4.2bn Russian ship in Arctic legal showdown

Norway has seized the Russian state-owned expedition vessel Professor Molchanov in the Arctic archipelago of Svalbard, escalating a legal battle over a $4.22bn arbitration award won by Ukraine’s Naftogaz against Moscow. The ship, detained at Barentsburg on September 2, will remain impounded until Norwegian authorities or courts decide its fate, marking the latest high-stakes move in Kyiv’s campaign to recover assets lost to Russia’s 2014 annexation of Crimea. The arrest followed an order from the Nord-Nord-Troms District Court, which granted Naftogaz the right to pursue the vessel as part of…

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