Russia and Norway end territorial dispute

April 28, 2010 at 9:05 AM

BRUSSELS, April 28 (UPI) -- After 40 years, Norway and Russia have announced an end to their dispute over the frontiers at the bottom of the Barents Sea and the Arctic Ocean.

The two countries signed a joint declaration late Tuesday outlining the extent of each nation's arctic territory, the EUobserver reported Wednesday.

"This is a historic day," said Norwegian Prime Minister Jens Stoltenberg. "We have reached a breakthrough in the most important outstanding issue between Norway and the Russian Federation."

Russian President Dmitri Medvedev told reporters the agreement "will open the way for many joint projects, especially in the area of energy."

The accord calls for a maritime delimitation line that divides a disputed area of the Arctic shelf into two parts of roughly the same size.

It also provides for fisheries and oil and gas cooperation between Moscow and Oslo with language calling for the two countries to work together to manage marine life.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Oklahoma Supreme Court denies rehearing, again orders removal of Ten Commandments statue
Plane crash kills four in Wisconsin
Nasal balloon can help 'glue ear' in children
North Korea is 'source country' for forced labor, sex trafficking, says report
FDA bans import of some cilantro from Mexico due to feces contamination