Business Etc: Russia’s Making a New Grab for a Vast Swathe of Energy-Rich Arctic

Russia has pressed a claim at the United Nations for an additional 1.2 million square kilometres of Arctic shelf, stepping up a race for the region’s hydrocarbon and mineral wealth.

In a submission to back a 2001 claim at the UN Commission on the Limits of the Continental Shelf, Russia said research showed it had rights over the swathe – an area the size of South Africa.

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