ARCTIC SEA arrived at KOTKA Finland, 30 December 2009 18:00. "At this point, there is, fortunately, no need to file an insurance claim because we still do not know where the ship and its crew are located," Vladimir Voronov said in September, without disclosing the amount the vessel was insured for. "The Arctic Sea is primarily owned by a Malta-based company, Arctic Sea Ltd. which is owned by Oy White Sea Ltd. According to the Finnish Trade Registry, Victor Matveev (Viktor Matvejev), a Russian citizen living in Finland holds 70 per cent of Oy White Sea Ltd’s shares. The rest are owned by two other Russian men living in Finland. The rest of the ship may well by owned by Solchart Askhangelsk Ltd of Finland, since it claims ownership of the ship in an article by Cristina Batog, a graduate of Georgetown University, specializing in Russia and Eastern Europe quoting director and assistant director Nikolai Karpenkov and Ivan Boiko in Askhangelsk, Russia.

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