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Russia accounts for more than half of the Arctic Ocean coastline and has sovereign rights for its vast Arctic offshore petroleum resources. The Northern Sea Route (NSR) along the Russian coast is projected to become the main shipping lane for Arctic resources. Russia is the largest gas and second-largest oil exporter in the world. Its economy is highly dependent on petroleum exports, as witnessed by the recession that followed the 2014 oil price drop. With maturing provinces onshore, and more than half of Russian State revenue coming from oil and gas development, the industry is turning to the Arctic and Far East.
|Title of host publication||The Arctic in World Affairs|
|Subtitle of host publication||A North Pacific Dialogue on Global-Arctic Interactions: The Arctic Moves from Periphery to Center|
|Editors||Robert W. Corell, Jong Deog Kim, Yoon Hyung Kim, Arild Moe, Charles E. Morrison, David L. WanderZwaag, Oran R. Young|
|Publisher||Korean Maritime Institute/East West Centre|
|Number of pages||10|
|Publication status||Published - Dec 2019|
|Name||The Arctic in World Affairs|
|Publisher||Korea Maritime Institute/East-West Center|
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- 1 Presentation
Resource Development and Pollution Prevention in the Russian Arctic
Daria Shapovalova (Speaker)Aug 2019
Activity: Disseminating Research › Presentation