The MIKON flagship program in the Fram Centre is using both social and environmental sciences to examine how High North industrial development will affect the natural world, regional societies like the Sami and economic activity.

On the backdrop of political chill, trade between Finland and Russia is falling sharply. Also tourism between the countries is in a downswing.

Vladimir Potanin, CEO of Norilsk Nickel has become Russia’s wealthiest businessman with an estimated fortune of $15.4 billion.

This February the hotels of Rovaniemi, Lapland have been full to the brim with customers. Usually this many people stay in hotels in the northern city only during the Christmas season, but this year the tourist boom will continue into March at least.

Local waters are full of the delicacy. But none of it reaches the local population.

Russian regions feel the pain as the country’s economy spirals into depression. In Murmansk Oblast, the governor cuts her budget with 25 percent.

Some 75,500 accommodation nights for Russians were registered in the past December.

Despite plummeting raw material prices, the Russian steelmaker gets its best financial result in six years.

One of Russia’s largest seafood producers and aspiring aquaculture company «Russian Sea Group” changes its name to «Russian Aquaculture” and announces a large investment program.

Production is down and prices drop 40 percent in half a year. But Norilsk Nickel still keeps the margins.

Profits plummet by more than 90 percent and the Swedish mining giant is forced to take a series of crisis measures.

Russian businesses and individuals repatriating money from Finland are likely to be behind recent capital outflows.

CEO of Norwegian Air Shuttle, Bjørn Kjos, says Russian airliners should be denied to overfly Norwegian territory. His Dreamliner is forced to fly around Russian territory on routes from Scandinavia to Bangkok.

Permission is finally granted to reopen the only cross-border flight from Northern Russia to Tromsø in Norway. The airliner operating the route, however, needs economic support before boarding calls can be announced.

There are bidders for the Pajala mine in northern Sweden, the project sales manager says.