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Russia has economic rights in the High Arctic - Medvedev

Tags: Politics, Arctic, World, Russia, News
 
Mar 17, 2010 15:44 Moscow Time
Arctic. © Flickr.com/wili_hybrid/CC-BY
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As member of the northern circumpolar family, Russia has a full legal right to a research, economic and defence presence in the High Arctic. President Medvedev told this to his National Security Council at a session in Moscow on Wednesday. The northern circumpolar family also includes the United States, Canada, Norway and Denmark. Discussion within it about who owns what in the Arctic  intensified in 2007 after two manned Russian submersibles sampled rock and sediment and placed Russian flags at almost 43 hundred metres in the Arctic Ocean directly beneath the North Pole. The research showed that the Lomonosov and the Mendeleyev seamount ranges are direct extensions of the Arctic shelf of Siberia. The Arctic seabed is believed to contain more than one quarter of the world’s oil and natural gas.  

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