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    Business Insider: Putin Is Actually in Serious Trouble

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Summary

Russia's claim to a fossil-fuel rich area of the Arctic Sea might be Putin's way of distracting people from the country's serious problems, including energy

by: Erica Mills

Posted in:

Press Notes

Business Insider: Putin Is Actually in Serious Trouble

Are little green men about to appear on the North Pole?

Russia's claim last week, using an extremely creative interpretation of international law, to exclusive economic rights to nearly half a million square miles of the Arctic Sea, was certainly a head scratcher. 

Sure the territory is valuable due to its untapped reserves of fossil fuels and for the shipping lanes that will open as Arctic ice melts. But the claim is likely to ultimately be rejected by the United Nations.

Read the full article HERE.