Sanctions Activity of the US and the EU in Regard to Russia: Consequences for Arctic Projects
Threats and Challenges for Russia’s Arctic Activity under Sanctions Since the end of the past century, the definition of the Arctic as the territory of the dialogue and cooperation ... ... Rotterdam in 2014 (about 2.2 million barrels) [ 19 ]. The oil produced was called Arctic Oil (ARCO) [ 20 ]. Currently, this is the only project on the Russian Arctic shelf, where oil is commercially produced. This gives additional advantages for Gazprom,...