MOSCOW (Sputnik) – Some 160 billion rubles will be allocated for the second and the third stages of the Arctic development progra from the Russian budget in 2021-2025, Prime Minister Dmitry Medvedev said Thursday.
The prime minister specified that the second stage stipulates allocation of some 12 billion rubles from the federal budget. The third stage, namely, the period from 2021 to 2025, willl require spending at the level of almost 150 billion rubles, the prime minister added.
In late July, Medvedev said the shortage of resources for Arctic development makes it necessary to determine priority areas.
The Arctic has been in focus in recent years amid the deterioration of relations between Russia and the Western powers amid the Ukrainian crisis. Moscow has turned to the active development of its portion of the Arctic that has been largely neglected since the collapse of the USSR.