23 SEP 2010
By Martin Banks | The Parliament
Russian prime minister Vladimir Putin appears to have ruled out the prospect of a new treaty on arctic reserves.
Some believe a legally-binding treaty is needed to help reconcile the conflicting territorial claims of the five arctic nations, including Russia.
But, addressing an arctic conference in Moscow, Putin said he did not think this was necessary, saying he was "in no doubt" that "any problems can be dealt with under existing laws.
Russian officials believe that any disputes, territorial or otherwise, can be settled with the help of the 1982 convention on the law of the sea.
They say this is a powerful regulatory instrument which is designed to regulate operations above and below the sea surface.
However, not all of the convention's signatories have ratified it, including the US.
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