Putin Urges Openess in Arctic Economic Activities

By George Backwell
Monday, June 09, 2014
Arctic offshore operations: Photo Gazprom

Russia's President Vladimir Putin stressed the need for the utmost transparency in implementing economic activities in the Arctic region, reports official news agency Arctic-info.

The head of state made his views known during a recent round table meeting in St. Petersburg dedicated to the safe and efficient development of the Arctic.

Citing Ria Novosti news agency, Arctic-info reports President Putin as explaining that the utmost transparency in particular requires continuous dialogue with civic society institutes, environmental protection organizations, of course, with those who are pursuing noble goals, rather than speculating on environmental issues.

The President added that Russia advocates the development of international cooperation in the Arctic, including on environmental issues. Russia, almost a third of the territory of which are districts of the Far North, has a special responsibility for the Arctic, and for maintaining ecological stability there.

Plans for the development of the Russian Arctic in the coming decades contain a number of large investment projects related to the creation of new industrial facilities and transport corridors, as well as the revival of the Northern Sea Route.

Source: Arctic-info

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