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China and Russia will jointly explore the Arctic

The other day in Beijing, the 2014 Development Report of Russia for the Year, published by experts from the Academy of Social Sciences of China, was published in Beijing, which also analyzed international topical issues and relations between China and Russia.

The report, in particular, notes that in May 2013, China became the official observer member of the Arctic Council. Russia, as a large country with important interests in the fields of politics, economics and security at the North Pole, is steadily increasing its presence in this region. With the advent of 21-th century, the Arctic, characterized by rich energy resources, attracts the eyes of an increasing number of different powers.

"The development of the Arctic will be one of the important events affecting international relations in the next few decades," the report says.

The authors of the report note the presence of broad prospects for cooperation between China and Russia in the joint development of the Arctic, and especially in the field of exploration and production of oil and gas on the shelf.

In addition, both parties can cooperate in the creation of infrastructure facilities, including the opening of fairways, the creation of ports, berths and warehouses for storing cargoes, etc. Infrastructure projects bring new opportunities for investment activities and trade in this region.

China is interested in expanding cooperation with Russia also in conducting joint expeditions in the Arctic, designing and manufacturing icebreakers, exploring and extracting oil from the seabed, the report says.

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