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Friday, March 27, 2009

Who owns the North Pole - Part 14

And you thought that the continuing saga for political and economical and military domination of the mineral-rich arctic regions had been forgotten about but we now read of further developments .

Russia has announced plans to set up a military force to protect its interests in the Arctic. In a document published on its national security council's website, Moscow says it expects the Arctic to become its main resource base by 2020.
The document foresees the Arctic becoming Russia's main source of oil and gas within the next decade. In order to protect its assets, Moscow says one of its main goals will be the establishment of troops "capable of ensuring military security" in the region.

With an estimated 90 billion untapped barrels of oil, Russia's strategy is likely to cause concern among other countries with claims to the Arctic.

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