Commentary
The EU can impose sanctions but struggles to enforce them without the United States. With Washington increasingly disinterested in backing European interests, the bloc must now fend for itself.
Nicu Popescu, Tiago Antunes
The Arctic: A View From Moscow
As the melting Arctic ice cap opens new shipping lanes and makes it easier to access strategic energy reserves, countries are racing to gain control over the Arctic’s abundant natural resources.
Published on Sep 20, 2010
The Arctic is emerging as the world’s next hot spot for oil and gas development. As the melting ice cap opens new shipping lanes and makes it easier to access strategic energy reserves, countries are racing to gain control over the Arctic’s abundant natural resources.
In a report, Dmitri Trenin and Pavel Baev offer a view from Moscow on what the opening of the Arctic means. While there is a strong desire to compete over the resources in order to meet increasing energy demands, Trenin and Baev argue that all countries—with Russia in a leading role—can benefit more through cooperation.
Key Conclusions:
- Sizable energy reserves. The Arctic potentially contains 20 percent of the world’s oil and gas reserves. The Arctic territory claimed by Russia could be home to twice the volume of Saudi Arabia’s oil resources.
- Warmer climate. The Arctic’s ice is melting and over time Russia’s Northern Sea Route—linking the Atlantic and Pacific Oceans—could become commercially profitable.
- Chance for cooperation. Russia should help bring other Arctic countries together—notably Canada, Denmark, Norway, and the United States—to manage the area peacefully and focus on its economic benefits.
“As countries around the globe continue to rely on a dwindling number of oil and gas reserves to serve their energy needs, the Arctic territory—parts of which remain unclaimed—will continue to be an area of intense geopolitical interest,” Trenin and Baev write. “Russia’s role in fostering either goodwill or rivalry will have implications for countries far from the Arctic’s icy waters.”
About the Authors
Dmitri Trenin
Former Director, Carnegie Moscow Center
Trenin was director of the Carnegie Moscow Center from 2008 to early 2022.
Павел Баев
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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