The Arctic strategy with projects worth 38 trillion rubles was handed over to the president for signature.
The updated strategy for the development of the Arctic region prioritizes security, quality of life, mineral resource centers, industrial growth, the trans-Arctic transportation corridor and ecology.
The document has already been supported by the Security Council, and the minister expects the president to approve it by the end of the year, said the head of the Ministry for the Development of the East, Alexei Chekonkov, at the meeting of the relevant State Duma committee.
The main tool will be a comprehensive project for the development of the Arctic and the corridor, which should link the energy, industry and transportation of the Far East and the Arctic.
Its portfolio included 300 projects, including the development of the Imskaya ore area in Chukotka, Vostok Oil and LNG production.
From the Far Eastern ports, the corridor includes Nakhodka, Vostochny and Vladivostok.
The comprehensive project is planned to be completed within six months after the signing of the strategy and will be approved next year.
The Arctic region includes the Far Eastern regions: Chukotka and the northern regions of Yakutia. The president approved the current strategy until 2035 by decree in 2020, and the government adopted a new development strategy for the Far Eastern Federal District in September.
By the end of the year, according to the chairman of the committee Nikolai Kharitonov, the State Duma must adopt a law on a single priority development zone in the Far East and the Arctic region.