Russia's national development strategy for the Arctic zone was published in February 2014 and covers the period up to 2020. For Finnish companies, this holds the promise of significant future business. Russian investment in developing Arctic resources over the next six years is expected to total some EUR 34 billion.

1. Arctic Match - Market Opportunities for
Finnish Arctic Know-How in Russia
Russia’s national development strategy for the Arctic zone was
published in February 2014 and covers the period up to 2020.
For Finnish companies, this holds the promise of significant future
business. Russian investment in developing Arctic resources over
the next six years is expected to total some EUR 34 billion1
.
Located just across Finland’s eastern border, this market for
products and technology suitable for operations in Arctic conditions
offers business opportunities to a wide range of Finnish companies.
Solutions are required in the construction, mining, marine and
offshore sectors, and for ensuring acceptable living and working
conditions in Arctic locations.
Since oil, gas and minerals are Russia’s most important exports,
there is a strong focus on developing the production and
transportation of these products. In the mining sector, for example,
both technologies and the know-how for repairing and maintaining
heavy machinery are needed. New technology and equipment are
also required for expanding strip mining and handling hazardous
wastes.

2. www.finpro.fi/web/english-pages/opportunities-worldwide
www.finpro.fi
Aleksej Leppänen
Regional Sales Manager, Russia, Baltic and CIS Countries
aleksej.leppanen(a)finpro.fi
+358 40 3433 361
In the transportation sector, the Northern Sea Route (NSR)
offers an attractive Eurasian transport corridor. For example,
shipments of oil and gas from Murmansk to Japan along the
NSR take only 49% of the time required for routes that use
the Suez Canal2
. Development of infrastructure for the NSR
means business opportunities for companies offering ship-
repair services, navigation infrastructure and data centers, and
equipment and technologies for executing and coordinating
search and rescue operations. One of the goals of Russia’s
national development strategy for the Arctic zone is to
guarantee that living conditions and services for people living
and working in Arctic regions are similar to those elsewhere in
the country. This means business opportunities for companies
offering e-services and products designed for Arctic conditions.
Development in Russia’s Arctic regions is creating
opportunities for Finnish companies offering industry-specific
solutions that help meet challenging Arctic conditions. Strong
demand is expected for Finnish Arctic know-how combined
with energy-saving technology and materials, and for solutions
that minimize environmental impacts. The good reputation
that Finns and Finnish products enjoy in Russia is a concrete
advantage for companies launching international operations in
this nearby market.
Finpro can help you seize these opportunities for business
growth. Our trade centers in Moscow, St. Petersburg and
Murmansk and our network in Russia offer local expertise
and connections. We make sure you meet the right people -
subcontractors, main contractors offering turnkey solutions or
important decision makers.
Finpro experts understand the logic of business
internationalization. We continuously monitor business
opportunities and developments in the Arctic sector. Our
know-how will help you ensure your company gains a
successful foothold in Russia’s Arctic markets.
This market opportunity is now open. Finpro’s experts can help
you assess potential business for your company, and we can
also assist you in locating appropriate public funding. Contact
us for more information.
Source: 1) nvpress.ru/economy/6878, 2) Murmansk Shipping Company