Financial Times (April 29)
Russia settled a long-running border dispute with Norway. While the land border separating the two countries has been fixed since 1826, the maritime border has been hotly disputed. The two countries will split the sea equally, with the maritime border extending from the coast to the North Pole. With the boundary dispute settled, oil companies will be less hesitant to invest in exploration around the Barents Sea. Even more importantly, the Financial Times hopes this signals renewed commitment by Russia to the “rule of law.”
Russia settled a long-running border dispute with Norway. While the land border separating the two countries has been fixed since 1826, the maritime border has been hotly disputed. The two countries will split the sea equally, with the maritime border extending from the coast to the North Pole. With the boundary dispute settled, oil companies will be less hesitant to invest in exploration around the Barents Sea. Even more importantly, the Financial Times hopes this signals renewed commitment by Russia to the “rule of law.”
Tags: Border, North Pole, Norway, Russia
