International Tribunal for the Law of the Sea demands Russia release Arctic Sunrise and its crew
BRUSSELS. Nov 22 (Interfax) - The International Tribunal for the Law of the Sea has ruled that Russia shall release the Arctic Sunrise vessel and its crewmembers immediately after the Netherlands posts a bond equivalent to 3.6 million euros pending the resolution of the dispute on the merits.
The Tribunal also ruled that "the Netherlands and the Russian Federation shall each ensure that no action is taken which might aggravate or extend the dispute submitted to the Annex VII arbitral tribunal, or might prejudice the carrying out of any decision on the merits which the Annex VII arbitral tribunal may render."
The ruling says that Russia "shall immediately release the vessel Arctic Sunrise and all persons who have been detained, upon the posting of a bond or other financial security by the Netherlands which shall be in the amount of
3,600,000 euros, to be posted with the Russian Federation in the form of a
bank guarantee."
