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Russia approves auctions on developing sea shelves of Black Sea, Sea of Azov

Source : 112 Ukraine

The government will cancel all respective licenses issued by Ukraine before the annexation of Crimea
19:12, 26 December 2017

112 Agency

The Russian Cabinet has approved the draft bill on the mineral development of the non-developed sections of sea shelves of the Black Sea and the Sea of Azov. Sergei Donskoi, Russian minister for natural resources and environment said this as quoted by TASS news agency.

‘The document will settle the legal questions concerning the mineral resource use in the subsoil mines located in the Blacks Sea and the Sea of Azov – under the respective decision made by the government,’ he said.

The current edition of the law foresees that the Cabinet will assign these auctions, appoint the jury members and define the conditions of auctioning.

Under the draft law, all respective licenses issued by Ukraine before the annexation of Crimea will be canceled.

Next, the bill is to be submitted to the Parliament.

Ukraine has been suing Russia, protesting against the illegal production and use of its mineral resources in the waters of the annexed Crimea.

Related: Head of “LNR” announces plans to start gold mining

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Related: Cabinet consolidates state mines: What will be consequences of coal industry reform?

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