Researchers with the Business Index North (BIN) project have investigated Russia’s Arctic investments. According to a new report, they have found that Russia accounts for 50-60 per cent of all Arctic investments. The rest is divided among the seven other Arctic nations; Norway, Sweden, Finland, Denmark, Iceland, USA and Canada.
The research indicates Russia’s strategic positioning in the Arctic region and the importance of following developments closely in the years to come.
”There is a strong will from Russia to develop the region”, says Andrey Mineev, head of the BIN project, in a press release from the High North Center for Business and Governance.
The largest investments take place in the Yamalo-Nenets, in the far north-west of the Siberian plain. Together with the regions of Sakha (Yakutia), Krasnoyarsk, Komi, Nenets and Murmansk, these areas account for 80 per cent of Arctic investments. The investments are linked to, among other things, mineral extraction, production and transport. Läs artikel