SpyLOG
USD26/0531.7572+0.1325
EUR26/0539.8426+0.0745
RTS25/051272.38-0.02%
MICEX09/091518.22-2.46%
RIA Novosti

Russia

Arctic resources central to Russia's energy security - Medvedev

15:24 17/09/2008
MOSCOW, September 17 (RIA Novosti) - The Russian president said Wednesday that the use of Arctic resources was a key to the country's energy security.

"According to estimates by experts, the Arctic shelf may have about one-fourth of the world's shelf hydrocarbon reserves, and the use of these reserves is a guarantee of Russia's overall energy security," Dmitry Medvedev said at a Russian Security Council session.

He also said Russia's competitiveness on global markets depended on Arctic resources, stressing the need to adopt a law establishing the frontiers of Russia's Arctic zone.

The Russian leader said about 20% of Russia's GDP and 22% of national exports were produced in the Arctic.

"Our first and main task is to turn Arctic into Russia's resource base of the 21st century," Medvedev said, adding that a whole number of problems, including reliable protection of Russia's national interests in the region, need to be solved.

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiArctic resources central to Russia's energy security - Medvedev

15:24 17/09/2008 The Russian president said Wednesday that the use of Arctic resources was a key to the country's energy security. >>

Send by e-mail

All fields are required!

Leave a comment






    Рейтинг@Mail.ru  Rambler's Top100
    © 2012 RIA Novosti