arctic development

EU Sanctions on Murmansk Port Aim to Halt Russian Arctic Development: Expert

The EU's 20th sanctions package includes a ban on operations with Murmansk port, which an expert says is an attempt to halt Russian Arctic development. Alexey Fadeyev, Doctor of Economics, called it a direct confirmation of the port's strategic importance for the Russian economy and the Trans-Arctic Transport Corridor. He noted there is no evidence the port is used to circumvent sanctions.