MOSCOW, July 1. /TASS/. Investments in the Arctic at the stage of a transition model where large commodity megaprojects remain dominant but new areas in logistics, services and processing are gradually emerging, Svetlana Lipina, Deputy Chairman of the Council for the Study of Productive Forces of the Russian Academy of Foreign Trade of the Ministry of Economic Development, told TASS.
"The situation is now mixed. In terms of capital, investments in the Russian Federation are still largely measured by large commodity megaprojects launched in previous years," the expert said. "A new investment paradigm is being formed, but so far in small steps. Capital-intensive raw materials projects remain dominant, and the ‘new economy’ - processing, services and technological localization, has not yet reached the scale to become the leading one," she noted.
The expert cited the Yamal-Nenets Autonomous District, where LNG and gas industry projects continue to play a major role in investment and production dynamics, as a key example. "Yamal is the classic one. Sabetta/Yamal LNG and Novatek's projects provide the main picture of investments and employment. These projects create inertia: big money, long-term contracts, and large-scale logistics," she said.
