Τετάρτη 29 Μαρτίου 2017

Moscow announced 400-600 billion dollar investment in the Arctic


The prospects of cooperation between the Arctic Circle countries, but also the potential for exploitation of the Arctic, were the main topics of the 4th International Forum on "Arctic-region dialogue" taking place in the city of Arkhangelsk. The forum except the Russian Economic Development Minister Alexander Novak announced that the next 20 years will be in the Arctic investment of $ 400-600 billion, talked and US Ambassador to Russia John Teft, who said that the Arctic remains a peaceful and politically stable region and must be protected.

"In the Arctic, the prospects are great, as are the huge investments made over the next 20 years, and will amount to $ 400-600 billion. These funds will be allocated for construction projects, "said the Russian minister, noting that there is great interest from domestic and foreign investors.

Referring to foreign investors, he said that "Chinese investors and investors from other countries attending the forum show great interest in terms of their participation in various projects," and said he "discussed the participation of Russian companies in the country works represented in the Forum such as China, Vietnam, Japan and South Korea. "

The forum attended by the US Ambassador to Russia John Teft, who in his speech pointed out that the Arctic remains a peaceful and stable politically area in which cooperation between the Arctic Circle countries, reduces conflicts odds, and helps to overcome "challenges" such as the "militarization" of the area and the effects of climate change.

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