Support The Moscow Times!

Duma Ratifies Norwegian Boundary Treaty

Norway welcomed a Russian State Duma vote ratifying a treaty to divide the Barents Sea into clear Norwegian and Russian zones, bringing Norway closer to a new oil and gas drive in the Arctic.

"The action in the Duma is gratifying and is a big step toward implementing the agreement," Norwegian Foreign Affairs Ministry spokesman Kjetil

Elsebutangen said Saturday, a day after Russia's lower house of parliament ratified the deal.

Earlier this month, Norwegian Prime Minister Jens Stoltenberg said Norway would begin a formal study into offshore oil and gas exploration along the newly delineated boundary in the Barents Sea soon after Russia ratifies the treaty.

Approval by Russia's upper house, or Federation Council, is considered a formality as it regularly rubber stamps initiatives from President Dmitry Medvedev, who helped negotiate the Barents treaty in Oslo and signed off on its terms last September.

Norway's parliament ratified it Feb. 8. Elsebutangen said the line, running between Norwegian and Russian archipelagos most of the way to the North Pole, will become law 30 days after Medvedev signs it and the two countries formally "exchange documents."

"We hope that won't take long," he said, adding that the deal "will open the way for new rules on new opportunities to exploit resources."

The area to be divided after 40 years of dispute is about half the size of Germany.

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.