AEC signs Memorandum of Understanding with St. Petersburg Committee for Arctic Affairs

St. Petersburg – On the 2nd of June the Arctic Economic Council (AEC) and the Saint Petersburg Committee for Arctic Affairs signed a Memorandum on Mutual Understanding and Cooperation (MOU).

The document provides a framework for exchange of inf

ormation and expertise, and identifies several areas of mutual interest, such as maritime transportation, energy, connectivity, investment and infrastructure, and responsible resource development.

Evgeny Ambrosov has signed the MOU on behalf of the AEC.

“Several of the AEC members have their headquarters based in St. Petersburg. We are looking forward to a fruitful cooperation and joint events,” said Mr  Ambrosov, the AEC Chair.

The St. Petersburg Committee for Arctic Affairs was represented by the Chair German Shirokov.

“Last year we have established the Arctic research and development cluster that includes several enterprises along with research and educational institutions. The MOU will allow us to expand the collaboration with the AEC members. Our goal is to develop the companies within the Arctic cluster, ” said Mr Shirokov.

“The core of the AEC activities is based cross-border collaboration. Though the signing of the MOU was postponed for a year due to pandemic, I believe it is symbolic that we signed it just as the Russian chairmanship term began”, said Mads

Qvist Frederiksen, the director of the AEC.

The MOU will soon be available on their website.

Saint Petersburg Committee for Arctic Affairs is a state organisation, which aims at developing collaboration between St. Petersburg and Russian Arctic zone regions in scientific research, as well as on cultural, socio-economic, environmental matters.

Arctic Economic Council is an international business organisation facilitating sustainable economic development  and b2b activities in the Arctic.

This press release was originally published by the Arctic Economic Council on June 2, 2021.