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Russia poised to enter 'Ali Baba's cave' in landmark UN ruling

By 0 and 0 and 0
18 November 2013


An earlier attempt by Russia to claim the sea - rich in hydrocarbons and minerals - failed in 2001. Picture: Vladimir Serebryanskiy

Exclusive rights to the sea and its treasure trove will be gained by Russia if a United Nation's sub-committee's resolution is approved. 

'The area of 52,000 sq km is a true 'Ali Baba's Cave' of natural resources, that would give Russia great opportunities and perspectives for the Russian economy,' said  Sergey Donskoy, Minister of Natural Resources and Environment.

An earlier attempt by Russia to claim the sea - rich in hydrocarbons and minerals - failed in 2001.

Russia will gain exclusive rights to use its subsoil and seabed resources, including crab and ostraceans, in a sea off the Far East between the mainland and Sakhalin Island and the Kamchatka peninsula. The claim is based on the UN Convention on the Law of the Sea that allows to expand the 200-mile state economic zone, if the area in question is a natural extension of the continental edge.

Comments (1)

Let's keep our fingers crossed ,what a great prize it would be to win the rights to explore develop and own this huge virgin area of land. Rich in hydrocarbons ,such an important commodity in the 21st Century ,
Wow I've only two requests ,
(1) Use it wisely with the least harm to the pristine environment
(2) Use it for the benefit ALL russians ,

Patrick Travers, Perth Australia
20/11/2013 06:07

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