Vladimir Putin, leader of the Russian Federation and 28% gelatinous sea creature, has descended to his underground lair for his coronation it was announced.
As the newly crowned King of the Squid People, Mr. Putin claims he now has property rights over all of the sea bed and all oil found within.
'This is now all part of the glorious Russian Federation and as such is under the protection of our functioning fighter plane' said Putin.
'Anyone found trespassing will be shot, poisoned, interrogated and permitted to die.'
'Next stop: Poland!'