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Norway seizes Russian vessel to enforce $4.22B Ukrainian arbitration claim

  • Norway seized the Russian expedition cruise ship Professor Molchanov near Svalbard after Ukraine’s Naftogaz asked courts to enforce a $4.22 billion arbitration award over assets seized in Crimea.
  • President Putin called the seizure “state terrorism,” saying it — and Ukrainian warnings to airlines — complicate chances for peace talks.
  • The cruise vessel, used for Arctic trips, is now barred from leaving Barentsburg by a court order.
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