The West has imposed sanctions on Russian Arctic oil projects. The sanctions are a reminder to Russia that it will need international cooperation in order to fulfil its own economic ambitions. However, the fact that the sanctions have hit the Arctic projects does not necessarily imply that the region is geoeconomically important, or that it ever will be.

Harri Mikkola
Senior Research Fellow - The Global Security research programme
Juha Käpylä
Senior Research Fellow - Global Security Research Programme