Economy
Rogozin: Russia to implement 150 projects worth 5 trillion rubles in the Arctic by 2030
© RIA Novosti. Sergey Mamontov

Rogozin: Russia to implement 150 projects worth 5 trillion rubles in the Arctic by 2030

The Russian Government has prepared a package of Arctic projects in all totaling 5 trillion rubles to be implemented by 2030, Deputy Prime Minister Dmitry Rogozin said at the news conference International Cooperation in the Arctic: New Challenges and Vectors of Development.

"At the instruction of the State Commission for Arctic Development, the Economic Development Ministry together with federal and regional agencies and organizations have drafted a portfolio of urgent Arctic projects which are already underway or are being considered by the Government. We have selected 150 projects to be realized through year 2030 totaling nearly 5 trillion rubles, of which about 4 trillion rubles are extra-budgetary funding," the deputy prime minister said.

He pointed out that 48 percent of the projects have to do with minerals processing, 16 percent with transport, 7 percent are geological exploration and shelf projects each, 5 percent are connected with industry and energy each, and 2 percent are environmental, telecommunications and tourist projects each. 

Attending the conference are Deputy Prime Minister and Chairman of the State Commission for Arctic Development Dmitry Rogozin; Special Presidential Representative for Environmental Protection, Ecology and Transport Sergei Ivanov; Special Presidential Representative for International Cooperation in the Arctic and Antarctic Artur Chilingarov; Chairman of the Board of Directors at Ferring Pharmaceuticals Frederik Paulsen; executive officers of the Arctic Council from Russia, Norway and Iceland; officials from Denmark and Canada; other representatives of relevant ministries, agencies and big business; and leading experts from Arctic Council member states and observer states. The event was organized by the Russian International Affairs Council with support from the Russian Foreign Ministry.