• 2020 September 25 10:29

    New state programme on Arctic development in 2021-2024 drafted by Russia’s ad hoc Ministry

    The Ministry for the Development of the Russian Far East and Arctic says it has prepared a revised version of the state programme “Social and Economic Development of the Arctic Zone of the Russian Federation” for 2021-2024.

    The document has been developed in pursuance of the instructions given by Yury Trutnev, Deputy Prime Minister of the Russian Federation – head of the State Arctic Development Commission. On 5 March 2020, Russian President Vladimir Putin approved “Basic Principles of Russian Federation State Policy in the Arctic to 2035”. The foundations of Russia’s state policy in the Arctic constitute a strategic planning document aimed at ensuring national security and have been drafted to protect the country’s national interests. The Strategy for the Development of Russia’s Arctic Zone through 2035 developed by the Ministry for the Development of the Russian Far East is the key mechanism to pursue the state policy in the Arctic. The Strategy has been submitted to the Executive Office of the President.

    According to the newly drafted state programme, the current document approved by RF Government in April 2014 expires on 1 January 2021. The current state programme does not foresee enactment of the instruments on social and economic development of the territory which is out of keeping with the targets of Russia’s Arctic development defined by “Basic Principles of Russian Federation State Policy in the Arctic to 2035” and Arctic Development Strategy trough 2035.

    The Ministry for the Development of the Russian Far East and Arctic is in charge of the programme implementation.

    The programme comprises two sub-programmes. One of them is focused on generation of new jobs in the Arctic Zone.

    The mechanism of infrastructure support foresees subsidizing of insurance payments that made it possible to reduce the rate of such payments to 7.5 percent, and to 3.75 percent for small businesses.

    The mechanism of subsidizing interest rates on loans for Arctic projects involves subsidizing 6.75 percent of the annual interest.

    The other sub-programmes is focused on creation of conditions for sustainable social and economic development including issues related to indigenous minorities.

    Allocations under the programme in 2021-2024 will total RUB 22.673 billion.

    With the programme implementation, off-budget investments in the Arctic economy are to make RUB 490.0 billion. 28,500 new jobs are to be generated in the region.

    The above mentioned state programme is not the only source to finance the Arctic Zone development. All key state programmes contain sections on priority development of Arctic territories and foresee related investments.




2020 October 20

18:30 APM Terminals expands API offering and terminal coverage
18:17 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea & East Med to the Indian Subcontinent
18:00 Okskaya Shipyard launches second multipurpose dry cargo carrier of Project RSD59 for Astrol
17:36 Equinor signs contract with Skanska for building site preparation and the construction of jetty facilities for the CO2 receiving terminal
17:03 Van Oord becomes the shareholder in Saare Wind Energy
16:38 Wan Hai Lines to launch China – India Service VI (CI6) Service
16:28 Tiksi port expansion is expected as new fields can be discovered in the region
16:03 Jotun offers Superyachts unique lifecycle support with launch of JotunCare
15:44 Rosmorport collects applications for debut bonds in amount of RUB 4 billion
15:30 DCSA publishes standard data definitions to enable just-in-time port calls
15:12 ESPO congratulates Port of Valencia for renewing PERS certification
14:23 Samsung Heavy Industries again chooses Wärtsilä cargo handling system design for new VLEC vessels
13:41 Modernization of port Tiksi to build up throughput to 300,000 tonnes
13:25 Port of Antwerp participates in developing and testing a private 5G network
13:20 Bunker prices are slightly up in the Far East ports of Russia (graph)
13:02 Port Houston container volumes up 1% to 251,524 TEUs in September 2020
12:33 RF Ministry of Economic Development to allocate RUB 2.8 billion for creation of port SEZ in Astrakhan Region
12:19 DNG Energy receives a licence for LNG bunkering in Coega
11:00 KSS Line signs with Hyundai Global Services for smart ship solution powered by Inmarsat and Intellian
10:58 ASW ship Vice-Admiral Kulakov and support vessels of RF Navy’s Northern Fleet enter Greece
10:37 Admiral Makarov frigate of RF Navy’s Black Sea Fleet passes Black Sea straits
10:12 LUKOIL and Rostec sign cooperation agreement
10:02 MABUX: Bunker market this morning, Oct.20
09:49 Shipbuilding Corporation “Ak Bars” to tell about passenger ship Chaika at 4th “LNG Fleet, LNG Bunkering and Alternatives” conference
09:26 Oil prices decrease amid second COVID-19 wave concerns
09:14 Baltic Dry Index as of October 19

2020 October 19

18:11 CMA CGM to launch the East Med - Black Sea Express
18:01 Taganrog coastal station of NAVTEX service obtains certificate of conformity
17:48 BPA to host 5G workshop
17:27 FESCO to supply India's research stations in Antarctica for the third year in a row
17:06 Valenciaport registers the record with 477,194 containers handled in September 2020
16:46 4th “LNG Fleet, LNG Bunkering and Alternatives” conference to be held online on 28 October 2020
16:05 Milaha obtains “ISO 27001” certification for Information Security Management System
15:49 Rosmorport's sailing ship “Mir” to sail around the world in 2022-2023
15:12 Mitsubishi Shipbuilding receives approval in principle for LNG fuel gas supply system from Bureau Veritas
15:04 A.P. Moller - Maersk integrates the European customs services specialist KGH Customs Services
14:35 Harvey Gulf orders Wärtsilä Energy Storage for another four LNG-powered Supply Vessels
14:30 Average spot market price for Russian M100 product rose to RUB 11,894 pmt
14:11 GTT announces the acquisition of Areva H2Gen
13:58 Project on construction of fish terminal “Udarnik” registered as second resident of Arctic Capital PDA
13:17 Ukraine's January-September 2020 coal imports down 15%
13:11 ZIM and Alibaba.com sign strategic cooperation agreement
12:52 Port of Riga sets itself new goal to become region's leader in grain handling
12:33 TransContainer increased container transportation volumes by 15.1% YoY
12:04 Port of Oakland names Acting Communications Director
11:47 Blagoverf shipyard lays down buoy tender of project 3052 for Rechvodput
11:06 EPS collaborates with GoodFuels for marine biofuel bunker trial
10:42 Ocean Yield ASA acquires two suezmax newbuildings with long-term charters
10:40 First sections for ice-resistant platform LSP “A” shipped to outfitting yard
09:58 North Carolina Ports awarded $16 million grant for infrastructure improvements
09:39 MABUX: Bunker market this morning, October 19
09:25 Week beginning is marked by oil prices decrease
09:12 Baltic Dry Index as of October 16

2020 October 18

16:05 Inmarsat and Cobham SATCOM enable Maldives fisheries sustainability with Fleet One
15:58 JAXPORT now offers expanded service to the West Coast of South America through ONE
14:11 Nordic American Tankers says full financing of Suezmax duo is in place
13:14 Bright outlook at Gibdock as bookings remain solid
12:27 Supply contracts signed for main equipment for Squadron 2020 project
11:09 Port of Gdansk inks LoI with Ukrainian Sea Ports Authority

2020 October 17

12:54 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea & East Med to Far East