JRL NEWSWATCH: “Russia’s $150 Billion Bet on Arctic Warming; France’s Macron slams the northern shipping route as an ecological disaster in the making, but Asian and European companies are lining up for a share of its (potential) riches.” – Transitions Online/ Ky Krauthamer

Arctic Map

“… [Russian has high hopes for] the [Arctic’s] Northern Sea Route [NSR] … owing to the long-term thinning of the ice pack. … [Use of the route] could shorten the journey from East Asia to Europe by up to two weeks. Norway … is skeptical[,] … has concerns about the environmental dangers of increased shipping in the fragile northern environment, […]

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Medvedev’s $30bn giveaway

Map of Barents Sea and Polar Environs

(Business New Europe – bne.eu – March 19, 2013) The big dollop of egg on Russian Prime Minister Dmitry Medvedev’s face since it emerged a strip of water in the Barents Sea ceded by the then-president to Norway contains more than $30bn worth of oil and gas spells trouble for the already weakened premier. Russia and Norway had been negotiating […]

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