Natural resources
Sergei Donskoi

Donskoi: Decision on applying to expand Russia’s Arctic claims expected this summer

The Russian Ministry of Natural Resources and Environment has prepared an application to the UN Commission for extending the external border of Russia's continental shelf in the Arctic. According to Environment Minister Sergei Donskoi, the decision on submitting the application will be made this summer, TASS reports.

"We prepared documents that were then approved by the Ministry of Foreign Affairs. The decision will be made this summer," he said.
Russia seeks to incorporate an additional 1.2 million square meters of the Arctic shelf.

The Emergencies Ministry currently estimates the total value of natural resources buried in Russia's Arctic region at over $30 trillion.
In addition to Russia, Denmark, the United States, Canada and Norway also have Arctic borders.