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The present study discusses the legal consequences of Crimea´s annexation by the Russian Federation upon the legal status of the peninsula´s Black Sea offshore (continental shelf and exclusive economic zone), with a focus on hydrocarbon exploration and production activities. The first section gives the needed geopolitical and energy security background to ongoing crisis and to the Russia-EU relations, more generally. Thereafter, the likely scenarios are analyzed regarding the legal paths that Russia could take in its attempt to consolidate sovereignty on Crimea. Finally, the study tackles the probable status of the maritime border to Romania and the economic activities in the Romanian blocks adjacent to it.


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