White nights and polar lights investing in the russian oil industry essay

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White nights and polar lights investing in the russian oil industry essay in 2021

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When did Russia become Observer in Arctic Council?

The following year, despite initial resistance from Russia, the Arctic Council granted observer status to six countries including China but also notably including Japan, which may serve as a counterweight to China. However, Russia’s calculus shifted significantly between 2013 and 2014.

What are Russia's economic interests in the Arctic?

Russia has two primary economic interests in the Arctic. First, Russia is in a prime position to exploit the region’s oil and natural gas.

How does Russia view China in the Arctic?

As such, Russia views China’s economic ambitions in the region with suspicion. In 2012, Russia blocked Chinese vessels from operating in the NSR, causing China to suspend its research activities during its fifth Arctic expedition.

Last Update: Oct 2021


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