The International Court of Justice decision in the dispute between Romania and Ukraine regarding the territorial delimitation of the continental plateau and the exclusive economic area in the Black Sea represents a huge success for Romania's Foreign Affairs ministry, Romania President Traian Basescu declared.

The head of state added that the dispute between the two countries has been on the table for 42 years and that finally, the dispute is solved, in Romania's favor. The Court acknowledged Romania's right and agreed that the Serpent's Island cannot be considered an island.

Moreover, he emphasized that Romania can exploit almost 80% of the continental surface, which represents 9,700 square meters.