RUSSIA’s foray into the Arctic is an audacious geopolitical adventure, as popular at home as it is troubling for outsiders. At stake are the region’s natural riches, until now frozen both in law and in nature. But global warming is making them look more accessible. They may include 10 billion tonnes of oil and gas deposits, tin, manganese, gold, nickel, lead, platinum and diamonds, plus fish and perhaps even lucrative freight routes. Exploiting them will be technically tricky, and is probably decades away. But as the ice melts, the row is hotting up about who owns what’s underneath it.
...Even more startling, though, was Russia’s rhetoric. “The Arctic is ours and we should manifest our presence,” said Mr Chilingarov, a charismatic figure whom President Vladimir Putin has named as “presidential envoy” to the Arctic. “This is like placing a flag on the moon” said Russia’s Arctic and Antarctic Institute.
The stunt has no legal force. But it still scandalised Canada’s foreign minister, Peter MacKay. “This isn’t the 15th century,” he complained. “You can’t go around the world and just plant flags and say ‘We’re claiming this territory’.”...
From the Economist