Russia: ‘India and China to be invited to the Arctic’

“According to the US Geological Service, the regions that already belong to Russia or that Russia lays claims on contain hydrocarbons equivalent to over 250 billion barrels of oil. This is 60.1% of the total Arctic deposits. Experts are convinced that the near future will see increasing interest in getting involved in the development of the Russian Arctic shelf on the part of foreign companies. In this connection, China’s interest is quite understandable if we take the rate of its industrial growth into consideration, Gennady Shmal believes.”

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