Investment Portal of the Arctic Zone of the Russian Federation
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Arctic The North keeps its treasures under a layer of ice and snow

The Arctic zone today

The total land area of the Russian Arctic is about 5 million square kilometres.

Over 2.5 million people live in this area. It makes up around 40% of the entire population of the Arctic.

The Arctic zone of Russia forms a fifth of the federal budget revenues.

Regions

9 regions, including 4 entire Russian federal subjects: Chukotka Autonomous Okrug, Yamalo-Nenets Autonomous Okrug, Nenets Autonomous Okrug, Murmansk Region.

45 municipal entities of 5 Russian federal subjects: Republic of Karelia, Komi Republic, Arkhangelsk Region, Krasnoyarsk Territory, Sakha Republic (Yakutia)

83% of natural gas

produced in Russia

17% of oil

produced in Russia

Development
17% of all oil produced in Russia comes from the Arctic region. Plans are to bring this figure up to 25% by 2035.
By 2035, the volume of production of liquefied natural gas in the Russian Arctic will exceed 90 million tons.
Development
26 million tons of cargo were shipped via the Northeast Passage in 2019. Cargo shipping volumes are set to reach 150 million tons by 2035.
The annual volume of investments in the environmental protection and management in the Russian Arctic zone will increase by 4 times by 2035.
Development
Salaries in the Arctic are 1.6 times higher than the Russian average. The goal is to create over 200 thousand jobs with more attractive employment terms by 2035.
By 2030, 100% of households will have broadband Internet connection.

State Arctic policy

On 13 July 2020, Russian President Vladimir Putin signed the array of federal laws on the system of preferences in the Arctic. The array prepared by the Ministry for the Development of the Far East and the Arctic includes the Federal Law 'On State Support of Entrepreneurship in the Arctic Zone of the Russian Federation', amendments to Part Two of the Tax Code of the Russian Federation related to the adoption thereof and certain legislative acts of the Russian Federation.

Foundations of the Russian national policy in the Arctic until 2035

About the Arctic

News

See all
20 October 2020 HCDA: Arctic Employers are Interested in Mining Experts

The Human Capital Development Agency in the Russian Far East and the Arctic is currently finishing an assessment of the need for personnel in the Russian Arctic

Economy
15 October 2020 133 Businesses Applied for Residency in the Arctic Zone for RUB 198 BN

Five businesses have already been granted resident status

Investment
14 October 2020 RosGeo Completed Works to Determine the Outer Border of Russian Continental Shelf

This was necessary for justifying the outer border of the Russian continental shelf in front of the UN Commission

Economy
12 October 2020 Rosneft Begins Engineering and Geophysical Surveys in the Eastern Arctic Oil
9 October 2020 A Draft of the Support Programme for Small Indigenous Communities in the Arctic Has Been Prepared Economy