Norwegian authorities are afraid of the acquisition of a plot of land on Spitsbergen by the Chinese language – 2024-07-03 00:32:13

by times news cr

2024-07-03 00:32:13

The Norwegian authorities have banned the sale of the final non-public plot of land on Spitsbergen for concern that the Chinese language will purchase it, Day.Az reviews just about TASS, citing the France-Presse company (AFP).

The realm that was taken off the market is about 60 sq. kilometers in dimension and was anticipated to fetch round €300 million. Lawyer Per Kyllingstad, representing the sellers, defined that it was “the final non-public plot of land on Svalbard and, so far as we all know, the final plot of land on the earth within the far north.” He additionally defined that potential consumers from China had proven “clear indicators of curiosity” within the deal.

The Norwegian authorities, represented by the Norwegian Minister of Commerce and Business Cecilia Myrseth, thought of that the acquisition of the positioning by representatives of a international state “may disrupt stability within the area and doubtlessly threaten Norway’s pursuits.”

The polar archipelago of Spitsbergen is a part of Norway, however since 1947 it has been ruled by particular authorized norms. It’s a demilitarized zone, though representatives of different states can conduct financial exercise on its territory. Particularly, there are Russian settlements Barentsburg, Pyramiden and Grumant.

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