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Arctic zone development strategy project to be prepared in early spring - EastRussia | Far East

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The draft strategy for the development of the Arctic zone will be prepared in early spring

The draft strategy for the development of the Arctic zone will be prepared in early spring
Photo: pixabay.com

The draft strategy for the development of the Arctic zone of Russia until 2035 will be ready by March 20. After that, the document will be submitted to the Security Council. Now it is being examined by federal authorities and regions included in the Arctic zone.

According to the deputy head of the Ministry for the Development of the Arctic and the Arctic, Alexander Krutikov, the strategy will gain its final shape after a series of discussions. According to the press service of the department, it will be publicly presented in early June at the St. Petersburg International Economic Forum

The strategy was prepared with the participation of the authorities of the Arctic regions, the scientific community, and experts. In August 2019, a special portal was launched on which any Russian could make proposals to the strategy. More than 650 proposals were received from residents of the Arctic territories.

They are also ready to submit a package of “Arctic laws” to the State Duma, and in the near future, the final stages of coordination will take place in the Russian government. The Ministry of Eastern Development hopes that the special economic regime of the Arctic zone will work in July this year.

Earlier in government agreed on the principles of state support projects in the Arctic. The minimum investment for projects 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.