Amid Financial Meltdown, Russia Threatens to Seize Arctic
As often predicted here, Russia is now threatening to seize the energy-rich arctic zone. This is a tension-raising event to be sure. From the conflict in the middle east, to global economic hegemony, to worldwide energy crunches, increasingly the powers of the west are clashing with the powers of the east. Russia staking claim to this region is just another subtext for conflict whether the catalyst is Iran, Israel, or even Georgia.
“This region has strategic significant for us. Its development is directly tied to solving the long-term tasks of the state and its competitiveness on global markets,” Medvedev said.
Russia’s leaders have not held back on stoking issues sure to rile the West in recent days, despite a drastic drop in its markets, fuelled by the global credit crisis and compounded by loss of investor confidence in Russia after its war with Georgia.
Medvedev’s statements on the heated Arctic issue came one day after Putin said that Russia’s defence spending would rise 27 per cent next year to nearly $100 billion (£30 million).
This is also a key point in the peak-oil story Four Hundred Dollars.
Read more here: Russia threatens to seize swathe of Arctic .
Original post blogged on b2evolution.
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[...] Amid Financial Meltdown, Russia Threatens to Seize ArcticAs often predicted here, Russia is now threatening to seize the energy-rich arctic zone. This is a tension-raising event to be sure. From the conflict in the middle east, to global economic hegemony, to worldwide energy crunches, … [...]