The growth rate of investment in the Russian Arctic is 25 percent higher than in the Far East, where the volume of investment is higher than the national average.

"The growth rate of investment in the Far East is significantly higher than the Russian average. And in the Arctic, the investment growth rate is 25 percent higher than in the Far East," Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev said.

The Arctic may be underdeveloped and have a rather harsh climate, but it is extremely attractive and rich in resources, Yury Trutnev said.

"We have created an area of the most preferential treatment there. Almost the entire Arctic has become a preferential area. And projects are emerging and being implemented there," the Deputy Prime Minister said.