Logo
  Wednesday, June 3, 2020
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

The Russian president said Wednesday that the use of Arctic resources
The Russian president said Wednesday that the use of Arctic resources was a key to the country's energy security.

"According to estimates by experts, the Arctic shelf may have about one-fourth of the world's shelf hydrocarbon reserves, and the use of these reserves is a guarantee of Russia's overall energy security," Dmitry Medvedev said at a Russian Security Council session.

He also said Russia's competitiveness on global markets depended on Arctic resources, stressing the need to adopt a law establishing the frontiers of Russia's Arctic zone.

The Russian leader said about 20% of Russia's GDP and 22% of national exports were produced in the Arctic.

"Our first and main task is to turn Arctic into Russia's resource base of the 21st century," Medvedev said, adding that a whole number of problems, including reliable protection of Russia's national interests in the region, need to be solved.


Print The Russian president said Wednesday that the use of Arctic resources Bookmark The Russian president said Wednesday that the use of Arctic resources

Related News   
AugSeptember 2008Oct
MoTuWeThFrSaSu
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345