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News / 3 February 2009 | 17:10
World Court draws border between Romania, Ukraine

World Court draws border between Romania, Ukraine


(AP) — The International Court of Justice, Hague, Netherlands, has drawn the boundary between Ukraine and Romania in the Black Sea, striking a compromise in the longstanding argument.

The court discounted arguments and maps presented by both countries and drew a maritime boundary between the rival claims.

At stake is access to billions of cubic meters of natural gas and and an estimated 10 million tons of oil, but it was unclear how the new line would divide those resources.

Romania said it got 79% of its claim. But Ukraine's deputy foreign minister Oleksandr Kupchyshyn said both parties were satisfied with the judgment, which he called "a wise compromise."

The decision Tuesday by the court, the U.N.'s highest judicial body, is final and binding on both sides.

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13:19 In Davos, President Viktor Yanukovych took part in a World Economic Forum session “New Energy Architecture: Enabling an effective transition.”
10:10 In Davos, President Viktor Yanukovych took part in a session of the World Economic Forum titled "Energy for Economic Growth.” During the session, President Yanukovych brought up the issue of energy security of Ukraine, and told about the implementation of new technologies to use alternative and unconventional energy sources in our country.

24 January 2012
13:48 A Ukrainian delegation has left for Washington to hold talks with the International Monetary Fund (IMF), Ukrainian Finance Ministry spokesperson Viktor Kosarchuk has said.

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