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Cabinet to allocate $202 mln for Arctic development program in three years, says PM

The program is mainly targeted at ensuring the sustainable development of the region, attracting investors and creating new jobs

MOSCOW, May 12. /TASS/. Russia’s government will allocate around 15 bln rubles ($202 mln) for implementation of the state program for development of the Arctic zone in coming three years, Prime Minister Mikhail Mishustin said when delivering a report on the government’s activities in 2020 in the State Duma (lower house) on Wednesday.

"The government greenlighted a state program for the Arctic zone development in late March. Around 15 bln rubles will be allocated for its implementation in coming three years, with 3.5 bln - as early as this year," he said.

The program is mainly targeted at ensuring the sustainable development of the region, attracting investors and creating new jobs, PM added.