Romania Wins Black Sea Maritime Delimitation Dispute With Ukraine
Romania’s agent with the Court, Bogdan Aurescu, said the ruling grants Romania 9700 square kilometers of exclusive economic zone, accounting for 79.34% of the disputed surface.
"The decision the Court read today recognizes Romania’s sovereign jurisdiction and sovereign rights for a continental shelf and exclusive economic zone of 9,700 square kilometers, that is 79.34% of the disputed area,” Aurescu said.
The area contains about 70 billion cubic meters of gas and 12 million tons of oil, he added.
Aurescu also said the verdict cannot be questioned.
"It’s an advantageous solution for Romania, which always pleaded for a delimitation complying with international law and, certainly, it is a fair solution that also has advantages for Ukraine," Aurescu said.
He added the ruling marks the end of a complicated dispute that lasted over four decades.