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Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Climate Change is Good for Arctic Region, Putin Says

March, 31 2017
watermark Economic news

President of Russia, Vladimir Putin pronounced that the recent ice melting and global warming in Arctic seems favorable for the polar region intended for the economy.

Putin has spoken in an Arctic forum held in the Arkhangelsk City, the shipments and energy plans of the Russian Federation were established under the principle of not harming the environment.

Moreover, the 64-year old Russian leader have watched a video link about an ice-class tanker docked at the port of Sabetta that tested the route enabling the ships to transport liquefied natural gas (LNG) and oil.

Energy firms already anticipated about this route, particularly in developing resources within the area, however, they encountered difficulties in gaining gas and oil from these distant and freezing markets.

On one side, environmental activists were concerned about this commercial shipping since the climate change caused the ice to become thinner which will further result in abuse of the region’s pure state.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.