Arctic - the time of key decisions is coming [ANALYZA]

One of the main players to which these countries must face in the Arctic is Russia, which consistently strengthens its military and economical presence in the region. This creates many tensions and challenges that can lead to escalation of conflicts. **The competition for Arctic natural resources is increasingly intense in the light of the increasing request for oil, natural gas, minerals and fish**. This region, known for its strategical importance, attracts attention from both Arctic countries and global players. **Russia, with the largest share of Arctic resources, seeks to keep its dominance in the exploitation of these natural materials**. However, Russia's aspirations may lead to conflicts with another countries in the region, peculiarly the Nordic countries, which besides search to exploit Arctic resources for their own economical development.