GEOPOLITICAL RISKS OF HYDROCARBON DEVELOPMENT IN THE RUSSIAN ARCTIC

Abstract

The article is devoted to the issues of geopolitical risks (GPR) in the hydrocarbon development of the Russian Arctic. Meanwhile, the authors pay special attention to the analysis of modern geopolitical and geostrategic challenges to the development of the Arctic region. The key geopolitical factors affecting the sustainable development of the Arctic are identified, similarities and differences in the geostrategic priorities of the Arctic Five countries are analyzed. GPR can be transformed into opposite environmental factors of oil and gas industry objects in the form of additional opportunities or threats, which the authors identify in detail for each type of risk.