EU launches initiative to ban exploitation in the Arctic

In order to achieve this goal, according to a communication on Wednesday, the European Commission will advocate a multilateral agreement that prohibits the exploitation of deposits that have not yet been developed. In addition, such an agreement could prohibit companies from buying extracted raw materials.

Currently exploited deposits are in high demand in the EU. According to a study report, 87 percent of the liquefied natural gas produced in the Russian Arctic was recently exported to the EU.

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