Russia presents an ambitious 5-year plan for Arctic investment
Russia is planning 5.5 trillion rubles of invest on infrastructure and development in the Arctic by 2024.
Russia plans to invest some 5.5 trillion rubles (about €72 billion, or $82 billion) on regional infrastructure and natural resource development in the Arctic in its next five-year-plan. That’s an amount equivalent to the country’s national budget on health and education — though leaders expect much of that investment to come from private sources.
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