Russia’s activities in the Arctic should meet environmental standards so as not to damage the fragile nature of the region, noted Vladimir Putin during his address at the Russia Calling! Investment Forum on 29 October.

“Operations in the Arctic region should be absolutely well-provided-for in terms of the observation of safety rules. It has a very fragile environment, very fragile nature, and we should and will do everything we can so that the necessary environmental standards can be observed,” he said at a plenary meeting of the Russia Calling! Investment Forum.

He added that the scope of Russian production should always be in line with the needs of the world market.

Vladimir Putin also cited the example of two projects, which are operating on the basis of state-of-the-art technological standards and have no emissions and risks for the environment, Yamal LNG and Arctic LNG 2.

“There is nothing of the kind there, no emissions at all. I have been there and seen an entire city built in the Arctic. It is true. It is a very up-to-date enterprise meeting all environmental standards. Absolutely all. And, frankly speaking, I see no risks here at all,” he said.