Norway halts €300m Arctic land sale in Svalbard due to national security concerns and potential Chinese buyer.
Norway has halted the sale of its last privately-owned Arctic land in Svalbard, valued at €300m, due to national security concerns. The move follows scrutiny of a potential sale to a Chinese company, which raised strategic and security implications. Svalbard, governed under a unique legal framework, has become a hotspot due to its potential natural resources and impacts on global shipping routes.
July 01, 2024
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