Putin: This region has significant strategic significance in the Arctic region
On the 20th local time, Russian President Putin inspected Novatek's factory located on the banks of Kola Bay in Murmansk Oblast, and visited the assembly and manufacturing process of the production line modules for the Arctic LNG 2 project. During his inspection, Putin stated that the Arctic region has significant strategic significance for Russia.
Putin attended the launch ceremony of the transportation of the first production line of the Arctic liquefied natural gas project 2 to the Geda Peninsula via the northern sea route on the same day. During a meeting with representatives from Novatek, Putin stated that liquefied natural gas production projects are very important and have a comprehensive impact on Russia's entire economy. He said that the Arctic liquefied natural gas project 2 will proceed on time and with quality.
Russian President Putin
![Putin: This region has significant strategic significance in the Arctic region](https://a5qu.com/upload/images/9a7671b979087ee902f0c61eb70fe4d2.jpg)
The liquefied natural gas production project is undoubtedly very important, as it will have a comprehensive impact on the entire economy and enable Russia to regain its rightful share in the global liquefied natural gas market, while also developing related industries.
Putin: The Arctic region has important strategic significance for Russia
During his inspection, Putin attended a conference on urban development in the Arctic Circle and said that the Arctic region is of great strategic significance to Russia, which involves issues related to national defense and resource bases. Putin also mentioned that improving the construction of facilities in the Russian region within the Arctic Circle involves addressing issues in the field of national defense.
![Putin: This region has significant strategic significance in the Arctic region](https://a5qu.com/upload/images/61e66a7fe9f57ab1f9602382c36dfe41.jpg)
Putin instructs to approve the comprehensive plan for the development of Arctic cities, etc
Putin issued multiple orders to the Russian government on the same day, including determining the action plan for infrastructure development in the areas where Russian military facilities are located in the Arctic Circle this year, approving the development plan for Russian cities in the Arctic Circle in 2024, and implementing it starting from 2025. Putin also promised to expand the preferential mortgage loan policy to young families in the Arctic region until 2030.
In recent years, Russia has attached great importance to the construction of the Arctic region. Putin said on April 13th last year that despite the impact of sanctions, Russia's Arctic project cannot be delayed. The logistics transportation to the northern region should be smooth and unobstructed, ensuring sufficient goods. He said that Russia is open to all interested partners in the Arctic project and has set very favorable conditions for local and foreign enterprises. Russia believes that the Arctic region is not a venue for conspiracy, but a place for dialogue, stability, and constructive cooperation.
![Putin: This region has significant strategic significance in the Arctic region](https://a5qu.com/upload/images/06be126950163dec016dcc81bdf29a81.jpg)