The government of the Krasnoyarsk Territory has approved a strategy for the development of its northern and Arctic territories and support for indigenous small-numbered peoples until 2035. The document specifies the main economic development targets for its northern regions, including developing its mineral resource base and launching major projects, developing major towns and centers of economic growth, building infrastructure, and diversifying the local economy through the promotion of tourism, including eco-, ethnic and extreme tourism, as well as traditional industries.

Under the updated strategy, over 504 billion rubles are to be invested in the economy of the Krasnoyarsk Territory’s northern regions by 2035, while industrial production in the mining sector is to reach 3.9 trillion rubles. Key financial investments will be directed to major projects such as Vostok Oil, the launch of the Chernogorsky and Norilsk-1 platinum deposits, and the development of the Syradasaisky coal deposit.

However, growth in production and industry should not come at the expense of the environment. The document states the need to implement a package of measures to reduce environmental impacts, and highlights the Sulfur Project – an initiative of Norilsk Nickel to reduce sulfur dioxide emissions in Norilsk – as a strategic project.

The Krasnoyarsk Territory’s economic development will provide for improving the local population’s living standards, as unemployment in its northern regions is to decrease to 0.8-3% by 2035, and the average life expectancy, to grow to 77.1 years.