Abstract
This article defines the Arctic as a political arena and examines the interests and plans of several countries regarding its territory and resources, namely, Canada, Russia, the United States, Norway, Denmark, Iceland, Sweden and Finland. The article highlights the Arctic region’s advantages, emphasizing the priorities of each state to establish control over this territory. The Arctic region is beneficial for the development of economic activity and the protection of the territories of coastal countries, has a significant number of deposits of natural resources and other minerals, and significant transit opportunities. The Arctic region has become a subject of intense interest within the international community. There is a need to strike a balance between economic interests and environmental protection should guide diplomatic efforts to secure the sustainable development of the Arctic region for the benefit of all stakeholders.
Published Version
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