Snake Island (Black Sea): Sharing Strategic and Economic Benefits

Cristina Mihaela Lazar () and Ionel Bostan ()
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Cristina Mihaela Lazar: “Ovidius†University of Constanta
Ionel Bostan: “Ștefan cel Mare†University of Suceava

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 342-357

Abstract: In 2004, Romania applied to the International Court of Justice (ICJ) to solve the issue of delimiting the continental shelf and the exclusive economic zones of Romania and Ukraine in the Black Sea. In 2009 it obtained the drawing of an equidistant line between the relevant adjacent coasts of Romania and Ukraine, and a median line between the opposite coasts of the two states. The result of this international process has brought Romania several advantages - strategic and economic. While debating the topic of this paper, the authors wrote an Introduction, they explained the Research Methodology, and continued by covering the way in which the Romanian-Ukrainian dispute played out at the ICJ (2004-2009): motivations, resolution, and various kinds of consequences. They continue with Strategic and Economic Implications and conclude by writing the Conclusions of the paper.

Keywords: Snake Island; International Court of Justice; hydrocarbon exploitation (search for similar items in EconPapers)
JEL-codes: O10 Q57 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:342-357

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