On June 5-8, 2024, St. Petersburg becomes the center of global economic dialogue and hosts the St. Petersburg International Economic Forum (SPIEF). This year, one of the key topics of the Forum is development of the Arctic region, underlining its growing strategic importance for Russia and the world.

The Arctic: a strategic region and new opportunities

The Arctic is a region with enormous potential for economic growth and international cooperation. The Arctic has significant reserves of oil, gas, rare earth metals and other natural resources that are attracting the attention of global markets. In addition, the Arctic plays an important role in ensuring national security and developing transportation infrastructure, including the strategically important Northern Sea Route.

SPIEF 2024: A Platform for Dialogue and Innovation
SPIEF 2024 offers a unique opportunity to discuss current issues and develop strategies for the development of the Arctic region. The forum will be a meeting place for representatives from business, government, academia and international organizations interested in the development and sustainable management of the Arctic.

Key aspects of the Forum as part of the Arctic agenda

• Investment in infrastructure: The development of transport and energy infrastructure in the Arctic requires significant investment. SPIEF 2024 will present major investment projects and discuss mechanisms for attracting private capital.
• Environmental safety: The development of the Arctic is associated with environmental risks. The Forum will discuss advanced technologies and methods to minimize environmental damage and ensure sustainable development of the region.
• International cooperation: the Arctic is an area of interest for many countries. SPIEF 2024 will become a platform for establishing international dialogue and cooperation between countries friendly to Russia in the fields of scientific research, environmental protection and development.
• Social development: An important aspect is to take into account the interests of indigenous peoples and local communities. The Forum will address issues of improving living and working conditions in the Arctic region, including health care, education and housing.

Practical significance of the Forum

SPIEF 2024 can become the starting point for a number of major projects aimed at developing the Arctic. The forum will include the signing of agreements and memorandums of cooperation, the launch of new initiatives and the presentation of advanced technologies.

Special attention will be paid to the development of the Northern Sea Route, which is becoming an increasingly important transportation artery between Europe and Asia. Improving logistics, port infrastructure, and ensuring the safety of navigation and environmental protection will be key topics of discussion in the context of this project.

SPIEF 2024 marks an important milestone in the Arctic's development. The forum not only emphasizes the strategic significance of the Arctic but will also serve as a catalyst for new initiatives and projects aiming for the sustainable and effective growth of this unique region. By participating in the forum, businesses, scientists, and government officials can join forces to attain common goals and ensure long-term prosperity for the Arctic.

Presentation of the forum

Editorial board

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