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Ministry of Eastern Development has prepared a draft Arctic development strategy - EastRussia | Far East

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Ministry of Eastern Development prepared a draft Arctic development strategy

Ministry of Eastern Development prepared a draft Arctic development strategy
Photo: pixabay.com

The draft strategy for the development of the Arctic zone of Russia until the 2035 year was prepared by the Ministry of Eastern Development. It spells out measures to accelerate the development of the economy and social sphere of the Arctic territories.

According to the press service of the Ministry of Eastern Development, the document was developed with the participation of representatives of the scientific community, regional authorities, civil society, and experts. As noted by the head of the department, Alexander Kozlov, before introducing the document to the Russian government, it is necessary for the president to approve the foundations of state policy in the Arctic before 2035. Therefore, the discussion of the strategy with departments and regions is ongoing.

In early November, the Ministry of Eastern Development and Development submitted to the government a draft decree of the President of Russia "On the basis of state policy in the Arctic and national security until the 2035 year." The document defines the national interests of the country in the Arctic and the main directions of their implementation.

Earlier in government agreed on the principles of state support projects in the Arctic. The minimum investment for projects in the Arctic that are planning to receive state support may be ten million rubles. The entire Arctic zone of Russia will receive special economic regime with a set of tax and non-tax preferences. It will work next year and will subsequently develop and change depending on the needs of investors.