Investment Portal of the Arctic Zone of the Russian Federation
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.
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)
produced in Russia
produced in Russia
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.
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.
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.
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
The Ministry for the Development of the Russian Far East and Arctic, and the Ministry of Foreign Affairs of the Russian Federation are preparing the programme for Russia's chairmanship in the Arctic Council, which will include a series of events dedicated to the issues of indigenous minorities.
InfrastructureThe Ministry for the Development of the Russian Far East and Arctic is developing a plan on adaptation to climate changes in the Russian Arctic, taking into consideration the damage to indigenous minorities' traditional economy.
EconomyThe Deputy Minister for the Development of the Russian Far East held the first online meeting with the authorities of the regions included in the Arctic zone of the Russian Federation.
Investment
