November 2014 International Economic Fundamentals

Ally

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Russia warns it's coming for the Arctic's oil





MOSCOW ` Russia has warned that it will revive its claim to a huge swathe of the Arctic in the hope that it can secure the rights to billions of tons of oil and gas.





Moscow has long seen the seabed off its northern coastline as a mine of valuable hydrocarbons and is keen to fend off rival bids for control over the region`s resources.





Read the full article here.