Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Business Last Updated: Sep 4, 2017 - 9:48:15 AM


Russia to spend $2.7 billion on Arctic by 2025
By TASS, August 31, 2017
Sep 3, 2017 - 8:47:53 AM

Email this article
 Printer friendly page

On Thursday, a new version of the state program for the social and economic development of the Arctic zone will be adopted

Environment minister says Russia will shell out $28 mln on Arctic cleanup in 2017

MOSCOW, August 31. /TASS/. Russia plans to spend about 160 billion rubles ($2.7 billion) on the Arctic by 2025. Prime Minister Dmitry Medvedev told the government that later today a new version of the state program for the social and economic development of the Arctic zone would be adopted. The programís term of operation will be prolonged till 2025.

"What is most important the program will be financed properly. About 12 billion ($205 million) will be disbursed from the federal budget for its second phase. And nearly 150 billion ($2.5 billion) will be set aside for the third phase lasting from 2021 to 2025 on the condition extra resources will be provided (in this respect we are still to synchronize watches and to scrutinize our financial capabilities)," Medvedev said.


Source:Ocnus.net 2017

Top of Page

Business
Latest Headlines
US strategic supremacy is alive and well, led by energy
The fallout from Trump's Asia tour on trade
The political turmoil over Brexit is at odds with the economic reality
New EU law takes aim at Russia pipeline
Influx of LNG Seen Benefiting European Gas Producers
Why the Republican Tax Plan Is an Electoral Death Trap
Le Chef de l'Etat a inaugure le barrage hydroelectrique de Soubre
Chinese Crude Oil Demand Needs 45 Additional VLCCs To Support Growth
Russian Arctic Yamal LNG Project to Send First Cargo to China
Small Montana Firm With Zinke Ties Wins $300M Puerto Rico Power Contract