Russia's natural resources double those of the US, says oil giant’s CEO
According to Rosneft CEO Igor Sechin, Russia's natural wealth is valued at $100 trillion, which is nearly twice that of the United States. Read Full Article at RT.com
TroibNews 
According to Igor Sechin, the head of Russian oil giant Rosneft, Russia's Arctic region is rich in oil and gas reserves.
Sechin stated at an economic forum in the United Arab Emirates that the value of Russia's natural resources stands at $100 trillion, which is twice as much as that of the United States. He characterized the Arctic as a “treasure trove of natural resources,” highlighting its importance not only for Russia but for the entire world. Sechin noted that over 20% of the planet’s undiscovered oil and gas reserves are located in the Arctic, with the Russian Arctic holding 80% of those reserves.
“This imposes a huge responsibility on Russia,” he emphasized during his address at the Verona Eurasian Economic Forum in Ras Al-Khaimah.
He further stated, “The Arctic should be completely free of conflicts and foreign interference, given the strategic importance of this region for the energy security of all Eurasia.”
The Arctic is shared by eight countries, including Russia, while the other seven—Canada, Denmark, Finland, Iceland, Norway, Sweden, and the US—are all NATO members. Together, these nations form the Arctic Council, an organization dedicated to promoting regional cooperation, with a mandate that specifically excludes military security concerns.
Earlier this month, the Norwegian Defense Ministry revealed plans to establish a new NATO Arctic and amphibious warfare center aimed at training marines from the US, UK, and Netherlands. This decision arises amidst escalating tensions between the US-led military alliance and Russia due to the Ukraine conflict. The new facility will be located several hundred kilometers from the strategically significant Russian port of Murmansk, a critical military and naval base, and is slated to become fully operational by 2026.
In September, Russian Foreign Minister Sergey Lavrov indicated that NATO members seemed to be considering expansion into the Arctic, asserting that Moscow would defend its interests in the region.
Ian Smith for TROIB News
Sechin stated at an economic forum in the United Arab Emirates that the value of Russia's natural resources stands at $100 trillion, which is twice as much as that of the United States. He characterized the Arctic as a “treasure trove of natural resources,” highlighting its importance not only for Russia but for the entire world. Sechin noted that over 20% of the planet’s undiscovered oil and gas reserves are located in the Arctic, with the Russian Arctic holding 80% of those reserves.
“This imposes a huge responsibility on Russia,” he emphasized during his address at the Verona Eurasian Economic Forum in Ras Al-Khaimah.
He further stated, “The Arctic should be completely free of conflicts and foreign interference, given the strategic importance of this region for the energy security of all Eurasia.”
The Arctic is shared by eight countries, including Russia, while the other seven—Canada, Denmark, Finland, Iceland, Norway, Sweden, and the US—are all NATO members. Together, these nations form the Arctic Council, an organization dedicated to promoting regional cooperation, with a mandate that specifically excludes military security concerns.
Earlier this month, the Norwegian Defense Ministry revealed plans to establish a new NATO Arctic and amphibious warfare center aimed at training marines from the US, UK, and Netherlands. This decision arises amidst escalating tensions between the US-led military alliance and Russia due to the Ukraine conflict. The new facility will be located several hundred kilometers from the strategically significant Russian port of Murmansk, a critical military and naval base, and is slated to become fully operational by 2026.
In September, Russian Foreign Minister Sergey Lavrov indicated that NATO members seemed to be considering expansion into the Arctic, asserting that Moscow would defend its interests in the region.
Ian Smith for TROIB News
