Tag Archives: Latvia

A severe case of the crabs: Lawsuit about illegal fishing in Svalbard really about oil drilling rights, experts say

crabship

A kilogram of crabs costs about twice as much as a kilogram of oil. But it’s the latter that’s perceived as the real treasure in a rapidly escalating legal battle between Norway and the European Union that may redefine the Svalbard Treaty and affect rights to drilling and other activity in the region for decades to come.