Investment Portal of the Arctic Zone of the Russian Federation

Arctic in focus

The development of Russia's Arctic zone was one of the main topics of discussion at SPIEF

22 june 2022

22.06.2022 // On 15–18 June, the 25th St. Petersburg International Economic Forum was held, at which the Arctic agenda was presented in an integrated manner for the first time. The stand of the Ministry for the Development of the Russian Far East and Arctic — 'The Arctic: Territory of Dialogue' — became a key platform for discussing topical issues of the macroregion's development.

'The Arctic: Territory of Dialogue' stand became a platform for 16 events on the Arctic agenda.

'The stand of the Ministry for the Development of the Russian Far East and Arctic became a real Arctic hub and showed visitors to the Forum zones dedicated to the North Sea Route, Russia's Chairmanship of the Arctic Council and other topics,' said Alexey Chekunkov, Minister for the Development of the Russian Far East and Arctic.

One of the main sessions at the stand was the Conference on Telecommunications and Digitalisation Development in the Arctic. Its participants discussed digitalisation in high latitudes, as well as providing the region with high-quality communications and high-speed Internet.

The session 'International Cooperation as a Guarantee of Arctic Sustainable Development' of the Think Arctic project, which was attended by representatives of India, China and Norwegian universities, was devoted to the implementation of joint initiatives in high latitudes. Its participants came to the conclusion that truly breakthrough projects in the Arctic can only be international.

At the session 'Science and Strategic Solutions in the Arctic,' the discussion focused on the environmental and business risks associated with the industrial development of the Arctic. The international seminar on shipbuilding and ship repair was devoted to the realisation of tasks set by the President of Russia to increase the volume of the traffic along the North Sea Route up to 80 million tons of cargo by 2024 and 150 million tons — by 2030. Possibilities of reducing repair costs at Russian shipyards and changing preferential regimes for shipowners were also discussed.

During the Arctic Investor Day, the governors of the Arctic Zone regions of the Russian Federation presented promising investment projects to Russian entrepreneurs and the media.

The best tourist routes of the AZRF regions were presented by Russian bloggers, travellers and heads of relevant organisations and departments. So, in the Murmansk Region, tourists can see the northern lights, learn the history of the Arctic exploration, ride dogs and walk with deer in the tundra and then go to the North Pole on an icebreaker. And Karelia is ready to offer snowmobile tours, culinary tourism and trips to reservoirs and waterfalls. 'The Arctic: Territory of Dialogue' stand was also one of the venues of the Creative Business Forum, dedicated to the development of creative industries in the North.


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