
Russia's Arctic Zone to Receive Over 30 Trillion Rubles in Investment Over Next Decade
Russia plans to invest over 30 trillion rubles ($396 billion) in its Arctic zone over the next ten years, Deputy Prime Minister Yury Trutnev announced at a cabinet meeting chaired by President Vladimir Putin. Trutnev highlighted that thanks to decisions made in 2020, the Arctic now offers the world's largest preferential investment zone covering 5 million square kilometers. Over the past five years, more than 1,000 new projects with state support have been launched in the Russian Arctic Zone.