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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.

2014 will be a record year for king crab from Norway, especially when it comes to export of live crab, says Svein Ruud in Norway King Crab.

EU is taking over the market for Norwegian salmon after the Russian import ban. Last week the export went up 15 percent.

Russia’s Government on Wednesday published corrections to the list over foodstuffs that are illegal to import to Russia.

Russia’s Ministry of Economic Development proposes to close the special economic zone in Port of Murmansk because of lack of demand. Since the zone was opened in 2010, not one single company has been registered as resident.

An import ban on cars, medical equipment and technology for the aviation and shipbuilding industry will be Russian response to additional sanctions from western countries.

Russia might soon soften the embargo on foodstuffs from Europe. The list will not be long, but crucial for Russian domestic production of salmon and potatoes.

The price of salmon in shops in Murmansk has gone up several times since the Russian embargo on fish from Norway came into effect one week ago.

The fish industry in Murmansk in 2013 boosted catch to a post-Soviet high. But the lion’s share of it was sent abroad.

Finland and Norway can probably expect a boom of shoppers from Russia as store shelves in neighboring towns on the other sides of the the borders start to empty of foreign goods.

The country is in a state of recession, economists say.

Arctech Helsinki Shipyard has signed a contract for building of three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot.

Igor Ryshkel has been appointed new General Director of Kola GMK, mining and metallurgy giant Norilsk Nickel’s subsidiary company in Murmansk Oblast.

Norwegian fish exports will suffer. And Finnish industry will be hit hard. But the consquenses of the comprehensive Russian import ban are likely to be most serious for the Russians themselves.