The Arctic is rich in hydrocarbon and mineral resources. The region also holds two essential trade passages that connect East Asia, North America, and Europe. In other words, there’s tremendous potential in the Arctic and climate change is forcing nations to reevaluate their national interests.
In a previous report, we went over the territorial claims, legal proceedings, and the fact that every Arctic nation has made claims on the Northern Hemisphere. The ongoing disputes are legally complicated but no other country is as well prepared to dominate the Arctic as Russia.