Protocol meeting of representatives of the Organizing Committee for Russia’s chairmanship in the Arctic Council with the heads of diplomatic missions from Latin American and Persian Gulf countries

Representatives of the Organizing Committee for Russia’s Chairmanship of the Arctic Council held a meeting in Moscow with the heads of diplomatic missions from countries of Latin America and the Persian Gulf, during which the diplomats were given a presentation about prospects for cooperation in the Arctic and key Russian projects for the region’s development.

The guests learned that Russia’s Arctic zone has been proclaimed a territory with preferential conditions for business, which make it possible to utilize customs benefits, mechanisms to subsidize the construction of infrastructure for investment projects, as well as other tax benefits and non-tax preferences. The countries of Latin America and the Persian Gulf were invited to collaborate as part of the Snezhinka international research station project in the Yamalo-Nenets Autonomous District.

Over 630 investment projects are currently being implemented in the Arctic as part of the system of preferences. The bulk of the projects involve such industries as the service sector, construction, mining, logistics, and tourism.