Exploration investments in the Arctic reach $2.5 bln in 2025 — minister
Business & Economy
February 27, 16:29
"Total exploration costs have moderate growth annually," Russian Minister of Natural Resources Alexander Kozlov said
MOSCOW, February 27. /TASS/. Total investments of the government and subsoil users in exploration within the Russian Arctic Zone totaled 195.5 bln rubles ($2.5 bln) in 2025, Russian Minister of Natural Resources Alexander Kozlov said.
"Total exploration costs have moderate growth annually. We approximately estimate growth of exploration [investments] at about 5-10% per year. The figure was 195.5 bln rubles spent for exploration last year," the minister said.
"These were largely investors’ funds, of which federal funding amounts to 5.5 bln [rubles ($71.1 mln)]," Kozlov added.