ARCTIC SUSTAINABLE DEVELOPMENT DURING RUSSIAN CHAIRMANSHIP AT THE ARCTIC COUNCIL
The article is meant to analyze new opportunities of the forthcoming presidency of the Russian Federation in the Arctic Council designed to implement the Arctic Development Strategy of the Russian Federation, strengthen international cooperation and give a new impetus to large-scale national and international sustainable development projects in the Arctic, focused on improving the resilience of the environment and population of the Council member states. The authors considered the approaches to formulation of sustainable development priorities in international law and Russian legislation, peculiarities of sustainable development projects in the Arctic, prospective directions of Russian chairmanship in the Arctic Council taking into account postpandemic development of the world economy. Relevant proposals and recommendations on specific areas of cooperation and major projects that could be implemented in the interests of all member states of the Arctic Council are given. A proposal for Arctic Development Bank foundation has been put forward and substantiated.