Norway and Russia - From Cold War to Warm Peace
Article from: OGEL 2 (2012), in Polar Energy Law (Arctic, Antarctic)
The September 2010 Barents Sea Treaty between Norway and Russia establishes an institutional and legal framework for the offshore petroleum industry; settling the maritime border it defuses tension and facilitates onshore regional trade and economic cooperation between the two countries. Although both Norway and Russia have ratified the UN Convention of the Law of the Sea, reaching an agreement on the maritime border took forty years. Neither country has been in a haste to develop the petroleum resources of the formerly contested area in the Barents Sea. For neither ...