NORWAY & RUSSIA ARCTIC
Norway's previously long-standing cordial relations with Russia have deteriorated to the point that there is a real chance that simmering feelings could escalate, leading to a breakdown of cooperation in the oil and gas sector.
So far, despite the heightened tension between the east and west over the Ukraine conflict, both countries have managed to maintain their mutual interests.
But in recent months sharp diplomatic incidents involving the remote Arctic Svalbard islands have ratcheted up the tensions between Moscow and Oslo to what some experts say are potentially dangerous levels. Both sides have a great…
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