Russia will create forces in the Arctic in 2014 to ensure military security and protect the country's national interests in the region, which President Vladimir Putin has named among the government's top priorities. Russia is returning to the Arctic and "intensifying the development of this promising region".. Putin said on Tuesday at an expanded meeting of the Defense Ministry Board.


However, other Arctic nations are not going to give up either in their intention of grabbing a share of the region, believed to be rich in oil, natural gas, and deposits of gold and platinum. According to a US Geological Survey, about 90 billion barrels of oil and 1,670 trillion cubic feet of natural gas are there, making up about 10 percent of the world's petroleum resources. The dominant portion of these resources is hidden beneath ice that is shared between five nations bordering the Arctic: Canada, Denmark, Norway, the Russia and the US -- who have been in a bitter dispute over how to divide up the `pie'.

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