Arctic Economy

Faroe Islands seek fish export pledge with Russia trade deal

Faroe Islands seek fish export pledge with Russia trade deal

COPENHAGEN — The Faroe Islands are targeting a free trade deal with Moscow next year to cement their place as Russia' biggest foreign supplier...
Russia’s Northern Sea Route poised to see influx of Chinese infrastructure investment

Russia’s Northern Sea Route poised to see influx of Chinese infrastructure...

On the sidelines of the recent Shanghai Cooperation Organisation’s summit in Qingdao, China, leaders of Russia’s Vnesheconombank (VEB) and the China Development Bank met...
Finland is open to plans by ex-Angry Birds executive for China funding of Estonia tunnel, says transport minister

Finland is open to plans by ex-Angry Birds executive for China...

HELSINKI — Finland's government is open to plans by a former executive at the Angry Birds game maker Rovio who wants to seek Chinese...
Trump administration plans construction to prepare Alaska’s Arctic refuge for oil drilling

Trump administration plans construction to prepare Alaska’s Arctic refuge for oil...

ANCHORAGE — The Trump administration said on Thursday it would spend $4 million on construction projects in the Arctic National Wildlife Refuge in preparation...
Port of Narvik and Ofoten Railway could become core EU corridor

Port of Narvik and Ofoten Railway could become core EU corridor

The European Commission suggests prolonging one of Europe’s most important transport corridors to include Narvik in Northern Norway. "This is excellent news," says Torjus Kleiven...
New deal will revive rail service to Canada’s main deepwater Arctic port

New deal will revive rail service to Canada’s main deepwater Arctic...

Last week, the Canadian government announced a deal that will help revive rail service to the Port of Churchill in northern Manitoba, Canada's main...
A test project will use polymers to try to unlock untapped heavy oil on Alaska’s North Slope

A test project will use polymers to try to unlock untapped...

Overlaying the prolific oil reservoirs that have fed production of the Alaska North Slope oil fields for the past four decades is a completely...
New tariffs could hurt Arctic trade, warns Arctic Economic Council

New tariffs could hurt Arctic trade, warns Arctic Economic Council

The Arctic Economic Council fears that the establishment of new tariffs for import of steel and aluminum will have negative cumulative effects on Arctic...
Electric vehicles boom gives higher dividends to Nornickel shareholders

Electric vehicles boom gives higher dividends to Nornickel shareholders

Russia's Nornickel profited in 2017 in large measure thanks to a global rise in nickel prices. As the world’s largest refined nickel producer, the...
In Alaska, the National Weather Service must change as rapidly as the climate

In Alaska, the National Weather Service must change as rapidly as...

In 2012, Shell Oil began drilling exploratory oil and gas wells in the Chukchi Sea, off the northwest coast of Alaska. The company poured billions...
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