Court reveals seized Russian vessel could be sold to enforce $4.2bn award
- Norwegian court says seized Russian vessel could face judicial sale to satisfy $4.22bn Naftogaz award
- Judges ruled Professor Molchanov was operating commercially and therefore not protected by sovereign immunity
- Russia condemns the arrest and pledges to challenge the enforcement action in court
A Norwegian court has confirmed that the arrest of Russian state-owned vessel Professor Molchanov in Svalbard could ultimately pave the way for a court-supervised sale, as Naftogaz pursues enforcement of a $4.22bn arbitration award linked to Russian asset seizures in Crimea
