Liability for environmental damage caused by offshore oil & gas operations: certain live questions
The article discusses certain live questions related to regulation of liability for environmental damage caused by oil & gas operations conducted on the continental shelf of Russia. In particular the following is discussed in the article: the grounds for imposition of liability, types of liability, the procedure to calculation of the amount of compensation for the damage caused to the environment and the way it correlates with the costs for termination of the environmental violation and restoration of the damaged environment. Particular attention is devoted to liability for transborder damage, i.e. the damage caused to the environment of a foreign state by Russian offshore oil & gas operations.