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Russia will withdraw from the Barents Council/Euro-Arctic region


September, 18 2023
watermark Economic news

Russia has decided to leave the Barents Council/Euro-Arctic region. This was announced by the Russian Foreign Ministry, sending the relevant documents to the foreign ministries of the participating countries.


The Russian Foreign Ministry noted that the Council's activities had actually stopped last year due to the actions of Denmark, Iceland, Norway, Finland, Sweden and the EU. Moreover, the principle of rotation was violated: Finland refused to transfer the leadership to Russia in October 2023.


Under the circumstances, Russia was forced to announce its withdrawal from the Council. On September 18, 2023, Russian Foreign Minister Sergey Lavrov sent a notification of this decision to the Ministries of Foreign Affairs of the member states, the EU High Representative for Foreign Policy and Security and the International Barents Secretariat in Kirkenes (Norway).


The Russian Foreign Ministry claims that the reasons for the collapse of cooperation in the Barents region should be sought from Western countries. Nevertheless, Russia plans to continue implementing its strategic interests in the North and remains open to partnership on equal terms.


Barents Council/The Euro-Arctic Region was founded in 1993 with the participation of Russia, Denmark, Iceland, Norway, Finland, Sweden and the Commission of the European Communities. The main purpose of this structure is to support the sustainable development of the region and expand multidimensional cooperation in various fields, including economics, science, trade and ecology.


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Foreign exchange bersifat sangat spekulatif dan kompleks, dan mungkin tidak cocok untuk semua investor. Trading forex dapat menghasilkan keuntungan atau kerugian besar. Karena itu, tidak disarankan menginvestasikan uang yang anda tidak mampu kehilangannya. Sebelum menggunakan layanan yang ditawarkan oleh ForexMart, harap akui risiko yang terkait dengan trading forex. Minta saran finansial independen jika perlu. Harap perhatikan bahwa baik kinerja masa lalu atau perkiraan tidak merupakan indikator yang dapat diandalkan untuk hasil di masa mendatang.