The sanctions could undermine the monopoly of state-owned oil and gas offshore. Access to such projects can get private structures in the first place is the "Lukoil

The resource potential of hydrocarbons in the Arctic is significant, and the possibility of its development will depend on how the economic and political stability in the world. But for the beginning of active work on the development of fields in the region, countries need a strong set of technical and technological problems and to clearly define the international legal status of the Arctic waters and territories. In fact, the only country that really leads the work in the Arctic now is Russia, which has realized there are several large offshore projects.