This was reported on the government website.
“The Government also plans to increase the program of comprehensive geological and geophysical works on the continental shelf to ensure the reproduction of the mineral resource base of hydrocarbons in the Arctic zone of Russia and the Far Eastern Federal District,” the statement says.
It is noted that the Ministry of Natural Resources, the Ministry of Eastern Development, the Ministry of Economic Development, the Ministry of Finance and the Ministry of Energy "should submit their proposals on this issue by December 18".
“By mid-December, they were also instructed to present initiatives to stimulate tax incentives for exploration in the Russian part of the Arctic,” the Cabinet of Ministers said.
Earlier, Russian leader Vladimir Putin at the Russia Calling!
spoke about the implementation of Arctic projects in Russia.