Investments in Russian Arctic Exceed 740 Billion Rubles

Clean Arctic

12-12-2024

Investments in Russian Arctic projects have exceeded 740 billion rubles, as announced at the XIV International Arctic Forum: Present and Future. The total value of Arctic projects exceeds 2 trillion rubles. A significant focus is on implementing environmentally friendly technologies and minimizing environmental impact, including the development of renewable energy sources and ecosystem restoration.

Over the past four years, 13 federal laws and more than 70 acts have been adopted in the Arctic aimed at improving the environmental situation. Within the world's largest free economic zone, investors are required to adhere to strict environmental standards. The projects also envisage the creation of over 43,000 new jobs, of which 17,000 have already been opened.

The Russian Arctic zone encompasses 10 regions and offers special conditions for investors interested in environmentally safe initiatives.

Victoria Quiri

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