Russian President Vladimir Putin inspects Yamal LNG, Russia’s second liquefied natural gas plant, which is under construction in the Arctic port of Sabetta, Yamalo-Nenets district, Russia December 8, 2017. Sputnik | Alexei Druzhinin | Kremlin via Reuters
CNBC: Russia and China vie to beat the US in the trillion-dollar race to control the Arctic
Call it a new cold war: Russia, China and the United States all vying for influence and control in a part of the world that, this time, is quite literally cold.
With more than half of all Arctic coastline along its northern shores, Russia has long sought economic and military dominance in part of the world where as much as $35 trillion worth of untapped oil and natural gas could be lurking. Now China is pushing its way into the Arctic, announcing last month its ambitions to develop a "Polar Silk Road" through the region as warming global temperatures open up new sea lanes and economic opportunities at the top of the world.
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WNU Editor: Indigenous groups n Alaska, Canada, and Greenland have put a stop and/or restrained a number of projects in the North over concerns on the environment. The Russians and Chinese are not under any of those constraints.And then there is a question on where the boundaries are .... Conflict Fears Between The Major Powers For The Resources In The Arctic (September 11, 2008).
