Communication development and environmental improvements are needed for the Arctic regions
The Arctic Economic Council (AEC) is an independent organization that facilitates Arctic business-to-business activities. AEC works to expedite responsible business and economic development of the Arctic and its communities, as well as to share and advocate for best practices, technological solutions, and standards.
AEC was created in September 2014 by the independent association of large corporations from the Arctic Council countries (Russia, Sweden, USA, Canada, Finland, Iceland, Denmark, Norway). It aims to resolve problems that stand in the way of increased economic cooperation in the Arctic. Russian Federation picks up the chairmanship in the AEC from May 2021 to May 2023. During the meeting, the Russian Federation will cover its priorities, as well outline main areas of cooperation for the period of the Russian chairmanship.