Economy
Russia to set aside 190 billion rubles for Arctic socio-economic development in 2018-2025
© RIA Novosti. Alexei Druzhinin

Russia to set aside 190 billion rubles for Arctic socio-economic development in 2018-2025

Prime Minister Dmitry Medvedev has extended the state program for the socio-economic development of Russia's Arctic zone to 2025, with more than 190 billion rubles planned to be set aside for its implementation in 2018-2025, the Government says in a special resolution published on its website.

According to Supplement 4 to the resolution, 791.9 million rubles will be allocated for the program in 2018, 22.8 billion in 2019 and around 22.7 billion in 2020. During the remaining five years, the funds will be distributed as follows: around 25.8 billion rubles in 2021, 27.8 billion in 2022, 35.1 billion in 2023, 29.7 billion in 2024 and 25.8 billion in 2025.

Around 35.4 billion rubles will go toward developing the Northern Sea Route and ensuring ship navigation in the Arctic, the document says.