€4.4bn Russian Arctic infrastructure plan

€4.4bn Russian Arctic infrastructure plan

Oslo: The Russian deputy prime minister Dmitry Rogozin has rolled out a €4.4bn Arctic infrastructure plan.

The figure was given by the minister at the first meeting of Russia’s Arctic Commission. Rogozin who is known for his hard-line attitude on national security issues, says the prime focus in the Arctic lies in the development of Russia’s economic interests in the area.

Rogozin wants to remove red tape by developing an Arctic Law that can regulate overall legislation in the region.

The overall investments in Arctic activities in the period 2015-2020 amounts to €4.4bn with the state coming in for around 70% of the total.

The new Russian Arctic Commission is a powerhouse in Russian politics, aimed at linking businesses and  authorities. Among its many members sits ministers for oil and gas industry and the ministry of defence and the governors for the northern areas.

 

 

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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