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Present and past of Arctic region discussed in St. Petersburg

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Present and past of Arctic region discussed in St. Petersburg

The social services development programme for the Arctic is worth 350 billion rubles.

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Two and a half thousand Russian and foreign industry experts are discussing the Arctic region development at the 9th international forum held in St. Petersburg. 

Next year, 1.7 billion rubles ($26.6 million) will be spent on the Arctic research programme, which will involve more than twenty research institutes and centers, including the Russian Academy of Sciences. Part of the programme will be the North Pole 2020 expedition on board the icebreaker “Kapitan Dranitsyn”.

Social services development programme for the Arctic that covers health care, education, and housing construction is estimated to be worth 350 billion rubles ($5.5 billion).

10 priority areas of development have been defined for the Arctic, which are expected to bring the quality of life in the region to the average Russian level in the coming ten years.

According to Alexander Krutikov, Deputy Minister for the Development of the Russian Far East and the Arctic, all the Russian Arctic zone will be under a special regime providing a number of advanced tax benefits. Tax reliefs for the oil and gas industry will be maintained, too.

The exhibition held during the forum showcases new advanced equipment and machinery for the Arctic. 

Photo: St. Petersburg TV channel

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