Russia Wants Artic Oil and Gas

Although the crisis in Ukraine continues to focus attention on Russia’s western border, Moscow is seeking to exploit a more lucrative prize along its vast northern frontage: the Arctic Circle. Melting ice has opened up new transit routes and revealed previously inaccessible oil and mineral deposits. Facing a year of harsh economic constraints, securing exploitable energy reserves remains a top priority for Moscow. The planned militarization of the Arctic is already underway, and funding is secured through 2015 (the Ministry of Defense was the only Kremlin ministry not to be curtailed in the most recent budget.

Although Russia faces a raft of internal and external problems such as a strained economy, matters in Ukraine and pressure from the international community, the Kremlin remains wedded to its pursuit of the Arctic. This has forced Russia’s neighbors to reassess their own military presence in places like the Barents Sea, as well as territorial claims to disputed parts of the Arctic Circle. Norway will press harder for a larger NATO presence in the northern region, but while military conflict remains a threat, Russia will stop short of instigating hostilities. The Kremlin knows that when it comes to acquisitions, actions speak louder than words, and any attempt to grab the rich, unclaimed territory of the Arctic Circle will have to be backed by force.   Russia Wants Artic Oil and Gas

Artic Oil and Gas

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