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RU
16 January
Saturday

Russia

Electronic services will be developed for Arctic investors

Russia eyes stronger presence in the Arctic

Photo: РГО

/NOVOSTIVL/ The Ministry of the Russian Federation for the development of the Far East and the Arctic has developed several electronic services for businesses in the Arctic zone of Russia. This was stated by the first Deputy head of the Ministry of regional Development of Russia Alexander Krutikov during a panel session at the X International forum "the Arctic: present and future".

According to him, from June 1, 2021, an Internet service for free provision of land plots for any non-prohibited economic activity, as well as a service for obtaining marine plots for aquaculture, will be launched in the Arctic.

"When we had a spring-summer lockdown, we launched together with the resource "Развивай.РФ" online service is called "онлайн.развивай.рф". There, absolutely any entrepreneur who works in the Arctic can create an online store for themselves absolutely free of charge and receive a grant from the state to promote their goods, services, and works on the Internet. For 5 months, this service was used by 2.5 thousand entrepreneurs. We have decided that we will definitely support and develop it further, regardless of restrictions, " Alexander Krutikov said.

"As of today, 40 applications have already been submitted for obtaining the status of a resident of the Arctic zone of the Russian Federation, the volume of declared investments amounted to almost 185 billion rubles, and 4,625 jobs. 239 potential investors have already been registered on our portal, and they are in the process of preparing documents, " said Alexander Pavlov, Director of the Arctic development Department of the Ministry of regional Development.

Russia has been expanding its political, economic and military influence in the Arctic. The region is seen as a home for the world's largest country, whose coastline accounts for 53% of Arctic Ocean coastline and the country’s population in the region totals roughly 2 million people, which accounts for around half of the people living in the Arctic worldwide, according to the Arctic Institute, a center for circumpolar security studies.

To cope with issues facing the country’s vast and strategically important Arctic region, in late October President Vladimir Putin formally adopted the "Strategy for the Development of the Russian Arctic Zone and Provision of National Security Through 2035." Reflecting hopes and perceived threats associated with the successive warming of the Arctic, the new strategy aims to advance the development of the region’s abundant resources, first and foremost oil and gas, and improve living conditions for the population.

The vast area of the Arctic region is of primary strategic significance to the eight Arctic States — Canada, Denmark (Greenland), Finland, Iceland, Norway, Russia, Sweden and the United States. As new sea lanes open up due to changes in the global climate, making raw materials in this region more accessible for economic exploitation and development, the Arctic region has become a strategically important area for many of the world's major powers. Said to be rich in natural resources, the United States Energy Information Administration estimates that the area may contain nearly 30 percent of the world’s undiscovered conventional natural gas and 13 percent of its undiscovered conventional oil resources under the bottom of the northern seas.

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