To ensure energy security of the region, Arctic countries are interested in a comprehensive international cooperation, said Deputy Minister of Foreign Affairs of Norway Elizabeth Valos at the international conference Arctic frontiers . Russia is a reasonable and legitimate interest in the Arctic – added Valos – we also have great potential for exchange of scientific knowledge about the region . She also noted that the Arctic community expects from the United States ratify the UN Convention on the Law of the Sea, which is one of the basic documents for the further development of relations in the north. EU Commissioner for fisheries and navigation, Joe Borg, for its part, stressed that Russia is a strategic partner for the European Union in international relations in the Arctic. Deputy Minister of Natural Resources and Ecology of the Russian Federation Sergey Donskoy in his speech said that the decline in mainland oil production in Russia could be compensated by the enormous deposits discovered in the continental shelf. According to him, 85% lokalizuemyh offshore reserves in Russia in the Arctic region. He also said that their development is planned under the scheme, which will involve a company with a controlling stake in state hands, ITAR-TASS news agency.
