Russia''s strategic priorities in the field of institutional and innovation use of subsoil in the Arctic region
Importance The article describes the current situation and prospects of the Russian Federation in the development of Arctic territories. Objectives The aim of this paper was to study the national priorities related to the extraction of mineral resources which can be used both for Russia's competitiveness at the world level, and to ensure the national energy security. Methods For the study, I used static data, macroeconomic analysis, content analysis and SWOT analysis. Results The paper highlights the key areas and the prospects for the technologies to develop the shelf of the Arctic seas. The study found that a large number of energy resources in the Arctic and shale-gas deposits allow appreciating the significant rental potential of the Russian Federation. For the most efficient use of the resource rents and the sustainable development of Arctic regions, I recommend the organic combination of fiscal, innovation and technology policies. Conclusions and Relevance I conclude that, in order to improve the conditions of distribution and implementation of technological innovations in the Arctic region, the latter needs the support of the scientific centers, producing such innovations in the field of exploration and development of the Arctic Shelf and communicating the innovations to respective corporations. In addition, I note that the infrastructure's development would reduce institutional, economic and technological gap between the States leaders and would help achieve the highest standards of security, and enhance the role of the “second nature” (the media and public institutions) to lobby Russian interests in the Arctic.