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The development of Russia's northern regions is a strategic task of the state
The development of Russia's northern regions is a strategic task of the state, said State Duma Speaker Boris Gryzlov, currently on a routine visit to the Yamal-Nenets autonomous area (the main oil-and-gas region in the north of West Siberia). According to him, Russia should focus on geological survey of minerals providing security and stability of Russia's economy. "We haven't got any normative document that makes companies developing deposits carry out geological survey or allocate money on this work conducted by an authorized state body," Mr. Gryzlov said. In his words, Russia's greatest mineral riches are concentrated in the North, including 93% of Russian gas, 75% of oil, 100% of diamonds, two-thirds of gold and 60% of copper. Russia's North, Yamal Peninsula in particular, needs special attention and elaboration of the law on beneficial payments, the State Duma preserved the provision on northern guarantees and compensations, Boris Gryzlov told local deputies. A working group drafting bills on socio-economic development of northern regions has been formed in the State Duma, the speaker added.
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