Russia sees scope for international investors in Arctic

By Lala Hajiyeva
March 26, 2025 17:30
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Reuters

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, highlighted the potential for international investors, particularly from the Global South, to contribute to the development of Russia's Arctic region, driven by the opening of the Northern Sea Route due to global warming.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), recently discussed the potential for international investors, including those from the Global South, to participate in the development of Russia's Arctic region. Dmitriev highlighted that global warming has made the Northern Sea Route along Russia’s Arctic coast more navigable, opening up new opportunities for trade and resource extraction. The RDIF is promoting Arctic projects, and Dmitriev sees rising temperatures as a chance to attract investment from emerging markets. However, geopolitical tensions and environmental concerns could impact future development in the region.

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