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26.02.2019

Russian President Vladimir Putin signed a decree transferring the functions of Ministry of Development of the Russian Far East for the development of the Arctic and the corresponding renaming of the Ministry.

The document was published on Tuesday on the official portal of legal information of Russian Federation.

“Rename the Ministry of the Russian Federation for the Development of the Far East to the Ministry of the Russian Federation for the Development of the Far East and the Arctic, entrusting it with additional functions for formulating state policy and legal regulation in the development of the Arctic zone of the Russian Federation,” the decree says. It notes that this is being done “in order to improve the efficiency of public administration in the development of the Arctic zone.”

The decree was signed on February 26 and was entered into force on publication. The Government of the Russian Federation is tasked with clarifying the authority of the Ministry in accordance with this document and determining the number of its employees within three months.

In January, the President of the Russian Federation agreed with the initiative of the Prime Minister of the Russian Federation, Dmitry Medvedev, to transfer all issues related to the Arctic to the Ministry of the Russian Federation for the Development of the Far East and to introduce in this Ministry the post of first deputy minister responsible for the Arctic. As reported at a press conference in TASS on February 6, Deputy Prime Minister - presidential envoy to the Far Eastern Federal district Yuri Trutnev, the current Deputy head of the of Ministry of Development of the Russian Far East Alexander Krutikov, who will be gradually released from all other areas of work, will be offered this position.

New authorities

The press service of the Ministry of Development of the Russian Far East noted that the Ministry is already supervising two major projects in the Arctic zone. These are the development of one of the world's largest copper deposits Peschanka in the Baim ore zone in the Chukotka Autonomous Region and marine transshipment center of liquefied natural gas construction project in the Bechevinskaya Bay of             the Kamchatka Region, which will be exported from the Yamal LNG plant and in the future from the Arctic LNG-2 to the countries of the Asia-Pacific region along the Northern Sea Route.

“The decision has been made, we will carry out all the tasks entrusted to the Ministry. The Ministry of Development of the Russian Far East earlier supervised a whole block of issues relating to the Arctic territories of the Far Eastern regions, this is both Yakutia and the Chukotka Autonomous Region, and the development of the Northern Sea Route. Today we have gained enough experience, a lot of work has been done on the development of special tax regimes and support measures, primarily in the social sphere was had set up the work of development institutions. Implement”, - the press service leads the words of the Minister of Development of the Russian Far East Alexander Kozlov.

The press service also noted that the Agency for the Development of Human Capital in the Far East (ADHC) is already assisting in the selection of unique specialists for the enterprises of the Far North.

“The agency is ready to get involved in the work within the framework of the new competencies of the Ministry of Development of the Russian Far East in the development of the Arctic zone. We have gained considerable experience in issues related to the development of human capital, including employment in the Far Eastern enterprises, launching new educational programs as well as in many others. Of course, we will use our practices and competencies to make the lives of citizens living in the Arctic zone, better,” - said the CEO of ADHC Sergei Hovrat.About projects

About projects

Baimskaya area resources are amounted of 23 million tons of copper and 2 thousand tons of gold (64.3 million ounces). The license for the Peschanka until 2033 with reserves of 7.1 million tons of copper is owned by LLC Baimskaya Regional Mining Company (the Peschanka deposit is located in the center of the Baim ore zone 200 km from the town of Bilibino). The resources of the Peschanka are classified by JORC are amounted of 9.5 million tons of copper and 16.5 million ounces of gold.

The transshipment center will be located in the Bechevinsky bay; its capacity will be about 20 million tons of liquefied natural gas. The total amount of public and private investment in its construction will amount to 108 billion rubles. 69.5 billion rubles will be covered by private investment, and 38.5 billion rubles by budget funds. A similar transshipment point will be located in the Murmansk region; its capacity will also be about 20 million tons of LNG.

Source: TASS