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

Author

Listed:
  • Cristina Mihaela Lazar

    (“Ovidius†University of Constanta)

  • Ionel Bostan

    (“Ștefan cel Mare†University of Suceava)

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.

Suggested Citation

  • Cristina Mihaela Lazar & Ionel Bostan, 2021. "Snake Island (Black Sea): Sharing Strategic and Economic Benefits," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 342-357, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:342-357
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    More about this item

    Keywords

    Snake Island; International Court of Justice; hydrocarbon exploitation;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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