SOCIO-ECONOMIC DEVELOPMENT OF THE ARCTIC REGIONS OF RUSSIA IN MODERN CONDITIONS: OPPORTUNITIES AND LIMITATIONS

The Arctic is a strategically important part of our country. Its resources make a significant contribution to GDP. In recent years, a number of fundamental documents have been adopted, which enshrine the basic concepts and national priorities of the Arctic agenda of the Russian Federation. The Fundamentals of State Policy in the Arctic outline Russia’s national priorities, among which special attention is paid to ensuring a high standard of living for the local population. Currently, the Arctic regions of Russia are experiencing a shortage of qualified personnel, an outflow of population; in all territories there is a high percentage of dilapidated and unsafe housing and engineering infrastructure; complex logistics determines the problems of food security of the Arctic territories. However, the active industrial development of the Arctic and the implementation of major investment projects have made it possible to attract specialists to the North, special social programs are being implemented, the volume of investments in geological exploration and extraction of natural resources has increased significantly. The government has high hopes for the Northern Sea Route, which will connect the Arctic into a single transport and logistics complex. It is not only about the supply of the Arctic regions of the country, but also the transportation of goods between Russia and Asia. The economic restrictions imposed by Western countries were largely aimed at stopping mining projects. A number of foreign investors have left the Russian market. Currently, logistics, financial and economic relations, and exports are being reformatted. The issue of finding ways and developing financing mechanisms for ongoing and planned projects is acute. Various forms of public-private partnership can be used to solve these problems. For example, infrastructure mortgages and infrastructure bonds have long been used in foreign practice. Today they are promising mechanisms for financing Arctic projects

Arctic, industrial development, system approach, strategy, regional economy, Northern Sea Route, innovation, investment, subsoil use, public-private partnership

Stoikov V. F., Gassiy V. V., Postnikov A. V. Socio-economic development of the arctic regions of Russia in modern conditions: opportunities and limitations. Business. Education. Law, 2022, no. 3, pp. 13—17. DOI: 10.25683/VOLBI.2022.60.303.