Abstract
The main development trend of the Arctic region is the economics based on exploitation of its resource potential. The intensive economic development of the Arctic territories largely depends on the climate change, as well as on the technical and technological development. At the same time, the Arctic economics is a complex system including various institutions as state, industrial companies, local communities. Numerous studies are devoted to the issues on harmful effects of mining activities on the economics, environmental situation, social and managerial spheres. Improvement of legal institutions in the field of nature resource management is aimed at eliminating administrative barriers and ensuring integrated and sustainable use of mineral resources.
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