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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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16:08 Newly elected Ukrainian Prime Minister Mykola Azarov has taken an oath of loyalty to the Ukrainian people.
16:07 The Verkhovna Rada of Ukraine has appointed a new government on Thursday.

10 March 2010
11:31 The State Property Fund has transferred UAH 132.89 million to the state budget since the start of 2010, the fund said in a statement. UAH 66.79 million was received from rent and UAH 66.1 million (UAH 7.98 / USD 1) was raised from privatization.

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