The Arctic, often referred to as ‘Earth’s crown jewel,’ is becoming the center stage for global competition. With resources and commerce at stake, Russia is making significant strides to secure its role in this cold frontier. Russian President Vladimir Putin has officially launched the Arctic Investment Forum in Murmansk, the largest city within the Arctic Circle, signaling a bold step towards enhancing commerce and exploration in the region.
This ambitious move by Russia comes amidst rising geopolitical tensions, where the United States and other nations are also vying for influence. Despite these rivalries, Putin emphasizes that cooperation remains a possibility, even with Western nations.
Arctic Investment Forum kicks off today in Murmansk, Russia – the gateway to Earth’s crown jewel! ❄️ Russia controls 50%+ of Arctic resources, crucial for global prosperity & energy security. Time for Arctic Diplomacy: sustainability, investment & science!
— Kirill A. Dmitriev (@kadmitriev)
March 27, 2025
In a report by Reuters, Putin addressed the U.S. President Donald Trump’s interest in Greenland, pointing out the serious historical roots of America’s ambitions in the Arctic. Putin suggested that dismissing these plans as mere extravagant discussions would be a mistake.
It would be a great mistake to believe that Trump’s plans to annex Greenland are just extravagant conversations — Putin
— Lord Bebo (@MyLordBebo)
March 27, 2025
Putin highlighted the increasing role of the Arctic as a potential conflict zone. He affirmed that Russia remains vigilant and is ready to defend its interests while also pushing for more commerce through the Northern Sea Route (NSR).
Russia is the largest Arctic power; we advocate for equal cooperation in the region — Putin at International Arctic Forum
— Lord Bebo (@MyLordBebo)
March 27, 2025
The Russian Direct Investment Fund (RDIF) has launched the Arctic Investment Fund, aiming to capitalize on the vast opportunities in the region. The Arctic holds a substantial portion of untapped resources, including oil and gas, making it a crucial area for future development.
RDIF launches Arctic Investment Fund to tap a $1T+ opportunity. The Arctic holds: 13% of untapped oil & 30% of gas 260 Mtpa shipping via Northern Sea Route by 2035 A 30–40% faster Europe–Asia trade path vs. Suez The next frontier is here.
— Kirill A. Dmitriev (@kadmitriev)
March 27, 2025
Putin’s vision includes expanding Russia’s northern ports, building a merchant fleet, and employing new-generation nuclear icebreakers. However, he acknowledged that Russia’s current capabilities are limited and collaboration with international shipbuilders is necessary.
NATO increasingly identifies Far North as foothold for possible Conflicts — Putin
— Lord Bebo (@MyLordBebo)
March 27, 2025
