Environmental Factor of Economic Development of Russian Arctic
Russia shows ambitious plans of Arctic region development. Nevertheless, these plans are closely tied with environmental risks, to which Russia may not be prepared. The main environmental problems, the Arctic region faces, are: climate change, contamination of sea water with oil and chemical drains, degradation of ecosystems. The rationale to freeze wide-scale Arctic development, primarily oil & gas fields' development in Russia comes not only from environmental nongovernmental organizations but from economists as well. Negative economic and political conditions of today's world - is the right moment to do so.