Russian president Vladimir Putin Oct. 26 approved the strategy for developing Russia’s Arctic zone and ensuring national security up to 2035. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Russia continues to see the Arctic as a key development priority, despite growing concerns over the impact of climate change on the region. The strategy acknowledged that temperatures in the region are warming 2-2.5 times faster than the global average, and states that this poses both opportunities and risks for the economy and environment. Opportunities include further development of hydrocarbons reserves in Russia’s Arctic offshore zone, which contains over 85.1 trillion cubic meters of natural gas, and 17.3 billion mt of crude and condensate. The strategy includes plans to increase the […]