On February 3, 2009, the International Court of Justice (ICJ) unanimously decided to resolve a maritime border dispute between Romania and Ukraine in favor of Romania. The two countries had argued over whether Ukraine's ownership of Serpent Island in the Black Sea granted it territorial rights over all surrounding waters. The ICJ's ruling [PDF] gave Romania four-fifths of the surrounding waters, which are believed to cover a large crude oil reserve. Romania and Ukraine had attempted to solve the dispute diplomatically without success. Romania filed the suit with the ICJ in 2004, and the hearing began in September 2008.
Seal of International Court of Justice
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