Russia's Putin Wants Beefed-Up Presence In Arctic

Article title
President Putin says that Russia should step up its presence in the Arctic and challenge other nations in exploring the world's largest untapped natural reserves.

Reuters

MOSCOW, April 22 (Reuters) - President Vladimir Putin said on Tuesday that Russia should step up its presence in the Arctic and challenge other nations in exploring the world's largest untapped natural reserves, days after it started shipping its first oil from the region.

Russia's ambitions in the Arctic have for some time been raising eyebrows among other states vying for a presence there, but the Kremlin's annexation of Ukraine's Crimea Peninsula is likely to put its Arctic plans under greater scrutiny.

Russia has staked its future economic growth on developing the Arctic's vast energy resources and reviving a Soviet-era shipping route through the ice.

The United States, Denmark and Norway are also pressing for access to what they consider their fair share of the Arctic's massive oil and natural gas reserves.

Russia loaded its first crude tanker from an oil platform in the Pechora Sea last week.


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Dan pierce | Apr. 23, 2014
Shocked to discover that Canada is not mentioned at all in regards to this article . This country (canada) has managed its Artic territories better than Russia! As an oil worker who has worked in Russia and other ex soviet countries and is appalled at these countries management! Make you want to become an environmentalist!

Chris Tadda | Apr. 22, 2014
"The United States, Denmark and Norway are also pressing for access to what they consider their fair share of the Arctics massive oil and natural gas reserves". Well, hopefully we in the United States of America have the Leadership to "open" Oil & Gas Exploration there. The way our "current" Federal Government Agencies have been. We are off to a very slow start here in Alaska. State, Private lands will move faster with Safe Proven development. Federal Lands, not so much! Next five years will be very interesting for our Great Country.


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