Prospects of Russia’s shelf projects in the Arctic Region

Authors

  • Yuri Anatolievich Savinov Russian Foreign Trade Academy
  • Sofia Andreevna Ganjinova Russian Foreign Trade Academy

Keywords:

arctic shelf, oil, gas, anti-Russian sanctions, import substitution, offshore fields, oil and gas equipment

Abstract

The article considers the prospects of the Arctic shelf exploration by Russia’s companies in conditions of geopolitical tensions. Due to the introduction of anti-Russian sanctions against the oil and gas industry, the intensity of international cooperation decreased and affected the pace of development of the whole Arctic region. The article also outlines the importance of creating a new industry in Russia focused on inventing and developing equipment for exploitation of oil and gas deposits on the shelf and expanding international collaboration for safe maintenance of Arctic megaprojects.

Author Biographies

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy, Department of foreign trade and international transactions - Professor

Sofia Andreevna Ganjinova, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy, Faculty of the foreign trade management - undergraduate

Published

2024-02-08

How to Cite

Savinov, Y. A., & Ganjinova, S. A. (2024). Prospects of Russia’s shelf projects in the Arctic Region. Russian Foreign Economic Journal, (4), 25–32. Retrieved from https://journal.vavt.ru/rfej/article/view/2083

Issue

Section

World economy

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