USA
Legislation

The need for international legal regulation of the continental shelf regime is a natural consequence of the achievements of science and scientific and technological progress. Advances in technology have allowed us to begin effective exploitation of the subsurface resources and riches of the continental shelf. However, today the issue of the rights of Arctic States in the Arctic region, the borders and delimitation of the continental shelf is still acute.

Eight countries have their own borders, continental shelves, and exclusive economic zones in the Arctic: Russia, Canada, the United States, Norway, Denmark, Finland, Sweden, and Iceland. The interest of States in these territories is due to the fact that their subsoil contains 83 billion tons of conventional fuel, of which about 80% is accounted for by the Barents and Kara seas, and the probability of developing new deposits is extremely high. Today, there are constant disputes over the Arctic territories.

The new draft law on reindeer herding has been approved by the Administration of the Nenets Autonomous District and sent to the regional parliament for consideration.

Five countries argue concerning territories in Arctic regions. They hope to get access to the minerals which are deeply under ice.

The chairman of the council of Federation of Valentine Matvienko urges to develop the separate bill of development of the Arctic zone of Russia. The speaker has made a trip to Yakutsk where has held session of Advisory council of the upper chamber across Arctic regions and Antarctic.