When Russia seized Crimea , it acquired not just the Crimean landmass but also a
Russia did so under an international accord that gives nations sovereignty over areas up to 230 miles from their shorelines using 1982 Law of the Sea Treaty. Inside these zones, countries can explore, exploit, conserve and manage deep natural resources, living and nonliving.
Exxon Mobil, Royal Dutch Shell and other major oil companies have already explored the Black Sea, and some petroleum analysts say its potential may rival that of the North Sea. That rush, which began in the 1970s, lifted the economies of Britain, Norway and other European countries.
Russia had already taken over the Crimean arm of Ukraine's national gas company, instantly giving Russia exploratory gear on the Black Sea. "It's already seized two drilling rigs."
The global hunt for fossil fuels has increasingly gone offshore, to places like the
When Russia seized the Crimean Peninsula from Ukraine on March 18, it issued a treaty of annexation between the newly declared Republic of Crimea and the Russian Federation. Buried in the document — in Article 4, Section 3 — a single bland sentence said international law would govern the drawing of boundaries through the adjacent Black and Azov Seas.
New Closer Neighbors
judging that the other countries bordering the Black Sea —
https://www.youtube.com/results?search_query=Black+Sea+of+Crimea
- maritime zone more than three times its size roughly 26,000 to 36,000 square miles
- with the rights to underwater resources potentially worth trillions of dollars.
Russia did so under an international accord that gives nations sovereignty over areas up to 230 miles from their shorelines using 1982 Law of the Sea Treaty. Inside these zones, countries can explore, exploit, conserve and manage deep natural resources, living and nonliving.
Exxon Mobil, Royal Dutch Shell and other major oil companies have already explored the Black Sea, and some petroleum analysts say its potential may rival that of the North Sea. That rush, which began in the 1970s, lifted the economies of Britain, Norway and other European countries.
Russia had already taken over the Crimean arm of Ukraine's national gas company, instantly giving Russia exploratory gear on the Black Sea. "It's already seized two drilling rigs."
The global hunt for fossil fuels has increasingly gone offshore, to places like the
- Atlantic Ocean off Brazil,
- the Gulf of Mexico and
- the South China Sea.
- Hundreds of oil rigs dot the Caspian, a few hundred miles east of the Black Sea.
When Russia seized the Crimean Peninsula from Ukraine on March 18, it issued a treaty of annexation between the newly declared Republic of Crimea and the Russian Federation. Buried in the document — in Article 4, Section 3 — a single bland sentence said international law would govern the drawing of boundaries through the adjacent Black and Azov Seas.
New Closer Neighbors
judging that the other countries bordering the Black Sea —
- Georgia,
- Turkey,
- Bulgaria and
- Romania — would tacitly recognize the annexation "in order to avoid an open conflict."
https://www.youtube.com/results?search_query=Black+Sea+of+Crimea
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