Putin: Geopolitical rivalries hotting up in Arctic, but cooperation possible

Record ID: 1986295

  • Title: Putin: Geopolitical rivalries hotting up in Arctic, but cooperation possible
  • Date: 27th March 2025
  • Summary: MURMANSK, RUSSIA (MARCH 27, 2025) (RUSSIAN POOL) RUSSIAN PRESIDENT VLADIMIR PUTIN ARRIVING ON STAGE AUDIENCE APPLAUDING AND SITTING DOWN PUTIN SPEAKING AUDIENCE LISTENING (SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING: "It is obvious that the role and importance of the Arctic for both Russia and the entire world is growing, but, unfortunately, geopolitical
  • Embargoed:
  • Keywords: Arctic Cooperation Putin Russia West investments
  • Location: MURMANSK, RUSSIA
  • City: MURMANSK, RUSSIA
  • Country: Russia
  • Topics: Europe,Government/Politics,International Trade
  • Reuters ID: LVA001219927032025RP1
  • Aspect Ratio: 16:9
  • Story Text: Geopolitical rivalries are intensifying in the Arctic, but cooperation in the region is possible, including between Moscow and Western states, Russian President Vladimir Putin said on Thursday (March 27).
    "It is obvious that the role and importance of the Arctic both for Russia and for the whole world is growing. But unfortunately, geopolitical competition, the struggle for positions in this region, is also intensifying," he said.
    Foreign partners prepared to cooperate with Russia in the region would be guaranteed a good investment return, he said in a major speech in the northern city of Murmansk.
    The Arctic holds fossil fuels and minerals beneath the land and the seabed that could become more accessible with global warming. It is also an area of military competition, where defense analysts say Russia has built up its presence much faster than the West by reopening Soviet-era bases and modernizing its navy.
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