© RIA Novosti. Sergey Il'in

Vladimir Putin supports financing limits on Arctic cities’ master plans

President of Russia Vladimir Putin has supported a proposal on allocating a special separate maximum permissible amount for implementing the master plans of the Far Eastern and Arctic cities. Addressing a recent meeting of the Council for Strategic Development and National Projects, the President recalled that the issue on including master plans of Far Eastern and Arctic cities in national projects had been discussed in December 2024.

“I know that such work is underway. In the near future, the Government must approve the long-term development plans for 16 major cities in the Arctic. Meanwhile, there are a number of issues that require our special attention,” Vladimir Putin said.

The President noted that these issues were primarily related to financing.

“In this connection, I think it possible to support the proposal by the Finance Ministry and speak about allocating a special separate maximum permissible amount just for implementing the master plans of the Far Eastern and Arctic cities. It should gradually reach the level of at least five percent of the expenses spent on relevant state programmes in the next six years. This will not require additional funding in general. We just need to look carefully at the programmes and target them at developing this particular region, which is strategically important for Russia,” Vladimir Putin added.