Russia’s Territorial Ambition and Increased Military Presence in the Arctic

As the U.S. and E.U. keep a very close eye on the situation with Russia and Ukraine, Russia is also increasing its presence and influence elsewhere: the Arctic – a melting region that is opening up prime shipping lanes and real estate with an estimated $1 trillion in hydrocarbons. With the opening of two major shipping routes, the North Sea route and the Northwest Passage, the potential for economic competition is fierce, especially among the eight members of the Arctic council: Canada, Denmark, Norway, Iceland, Finland, Sweden, Russia, and the United States.