Marina Kovtun: Murmansk Region expecting new Asia Pacific investors
© RIA Novosti. Alexey Nikolskiy

Marina Kovtun: Murmansk Region expecting new Asia Pacific investors

Murmansk Region authorities are expecting new investors, including some from Asia Pacific countries, to finance local and Arctic projects, Murmansk Region Governor Marina Kovtun told TASS news agency.

"The Arctic issue will once again figure prominently at the 2016 St. Petersburg Economic Forum. We are expecting a discussion of Arctic trade and economic cooperation issues and the Arctic macro-region's investment potential for the purpose of attracting Russian and foreign investors, including some from the Asia Pacific countries," Kovtun said.

The Governor believes that growing attention toward the Arctic's development on the part of many countries, including non-Arctic countries, creates a solid basis for promoting multilateral cooperation.

"Many of our investment proposals are directly linked with the region's Arctic specifics. The ice-free Kola Bay, nuclear icebreaker operator Atomflot's basing site, and overall Arctic development prospects make it possible to create profitable investment proposals in transport and logistics, and the high-tech oil transshipment and fisheries sectors," Kovtun noted.