Talking Barents: Prospects and Formats for Cooperation. Key Quotes

Background material for the event «Russian-Chinese Cooperation in the Field of Sustainable Development of the Arctic Region».

On the eve of EEF 2019 , Alexander Kozlov , minister for the development of the Russian Far East and the Arctic, sat down with us to discuss the results of the past few years and went into detail about the ministry ’ s plans for the near future.

Tourism is one of the sectors most heavily affected by COVID-19. Experts believe that the industry will undergo significant restructuring, with travel abroad giving way to domestic tourism, and trips to places where people don’t gather in large numbers becoming more popular. According to Managing Director of the 21st Century Arctic International Union Valery Korovkin, current circumstances offer a chance to develop a new tourist destination. It is an area that has been discussed for a long time, but which little is currently being done to promote. Arctic tourism is a potentially highly profitable business from the perspective of federal and regional budgets, and has long been successfully exploited by other coastal nations.

The study prepared by experts of the Analytical Credit Rating Agency (ACRA) analyzed data on consumption and debt dynamics in the Russian wholesale and retail electricity markets in early 2021.