The Board meeting discussed key approaches to developing the Russian Arctic Zone and the Trans-Arctic Transport Corridor. The meeting was chaired by Presidential Aide and Chairman of the Maritime Board Nikolai Patrushev and was attended by ministers, heads of agencies and coastal regions as well as organizations involved in maritime activities, the Kremlin website reports.

A strategic planning document will subsequently be developed to outline the socio-economic and logistics potential of the Arctic and the Trans-Arctic Transport Corridor will be drawn up. This measure is expected to accelerate economic development in the Arctic zone and the Far East, improve living standard and quality of life, enhance connectivity across Russian territories and increase international cargo traffic.

As part of the preparation of this comprehensive project, objectives have been set to establish new production clusters and investment projects in the Arctic, develop a transport and economic model for the Trans-Arctic Transport Corridor model and identify critical technologies required for Arctic development.