Billions are invested in the Zvezda yard outside Vladivostok to make it capable of meeting Russia’s growing demand for ice-protected ships and platforms.
The U.S. Interior Department cancels two future offshore leases in Chukchi and Beaufort seas and will refuse requests from oil companies to renew existing leases.
The cuts in state funding are connected both to the increasing monopolization of the sector and to the difficult economic situation, Minister of Natural Resources Sergey Donskoy said.
