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Vladimir Putin stakes claim to the oil rich Arctic region

  • Archipelago, Franz Josef Land, Vladimir Putin, Russian President, Arctic, RUSSIA
    Vladimir Putin pose for a photo as they inspect a cavity in a glacier on the Arctic Franz Josef Land archipelago in Arctic Russia

    Putin said that current estimates put the value of the Arctic's mineral riches at $30 trillion (£21.1 trillion).

  • Archipelago, Franz Josef Land, Vladimir Putin, Russian President, Arctic, RUSSIA
    shrinking polar ice creates new opportunities for exploration.

    The Kremlin has named reaffirming the Russian presence in the Arctic as a top priority

  • Archipelago, Franz Josef Land, Vladimir Putin, Russian President, Arctic, RUSSIA
    Putin said that Russia has remained open to a "broad partnership with other nations to carry out mutually beneficial projects

    In 2015, Russia submitted a revised bid for vast territories in the Arctic to the United Nations, claiming 1.2 million square kilometers (over 463,000 square miles) of Artic sea

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