Costs for the implementation of the state program for the development of the Arctic in 2021-2024 will amount to 22.67 billion rubles.

Costs for the implementation of the state program for the development of the Arctic in 2021-2024 will amount to 22.67 billion rubles.

Costs for the implementation of the state program for the development of the Arctic in 2021-2024 will amount to 22.67 billion rubles.

The Ministry for the Development of the Far East and the Arctic has presented a new version of the state program “Social and Economic Development of the Arctic Zone of the Russian Federation” for 2021-2024. The document is posted on the regulation.gov.ru portal.

The cost of implementing the state program in 2021-2024 will amount to 22.673 billion rubles. The draft budget for 2021 and the planning period 2022-2023 provides for the required amount of its financing. As a result of the implementation of the state program, the volume of off-budget investments in the Arctic economy will amount to 490 billion rubles, and 28.5 thousand jobs will be created.

According to the Ministry for the Development of the Russian Far East, the current state program for the socio-economic development of the Arctic, approved in April 2014, will expire on January 1, 2021. “The structure of the current state program does not provide for the implementation of tools for the socio-economic development of the territory, which does not correspond to the goals and objectives of the development of the Arctic zone of Russia, determined by the Fundamentals of State Policy of the Russian Federation in the Arctic and the Strategy for the Development of the Arctic Territories until 2035,” the department said.

In accordance with the main provisions of the draft new version of the state program, the main objectives of the document are: ensuring competitive conditions for the implementation of investment projects, creating new jobs and attracting labor resources to the Arctic territories; ensuring legal regulation of the socio-economic development of the Arctic zone of the Russian Federation, creating conditions for sustainable socio-economic development of indigenous peoples living in the Russian Arctic.

Based on this, two subroutines are formed. The first is aimed at stimulating the creation of new enterprises and jobs in the Arctic zone, since the demographic situation is improving in those territories where a stable economic situation is formed due to new jobs. “Norilsk, Yamalo-Nenets and Chukotka Autonomous Okrugs can serve as confirmation. To create similar conditions throughout the Arctic zone, relevant laws have already been adopted. The mechanisms provided for under the first subprogram are aimed at implementing these laws. We are talking about such mechanisms as infrastructure support, subsidizing interest rates and compensation for insurance premiums, “explains the Ministry for the Development of the Russian Far East.

The infrastructure support mechanism involves the allocation of funds from the federal budget for the creation of external transport, energy or other infrastructure necessary for the implementation of the investment project. Compensation of insurance premiums will enable entrepreneurs at the expense of the state to reduce deductions from 30% of an employee's salary to 7.5%, and for small and medium-sized businesses – from 15% to 3.75%. The mechanism for subsidizing interest rates on loans that are attracted for the implementation of projects in the Arctic zone will allow entrepreneurs to receive a subsidy of 6.75% per annum.

The second subprogram includes measures to create conditions for sustainable socio-economic development of the Arctic, including those related to the issues of indigenous peoples. In particular, the Ministry for the Development of the Russian Far East, together with the Agency for the Development of Human Capital in the Far East and the Arctic, are developing a program of state support for the traditional economic activities of indigenous peoples. In addition, measures are envisaged to preserve the languages of the indigenous peoples.

The state program “Socio-economic development of the Arctic zone of the Russian Federation” for 2021-2024 takes into account the direction of the system of documents that determine the new Arctic strategy of Russia. As reported, in the spring of 2020, Russian President Vladimir Putin approved the Fundamentals of Russian State Policy in the Arctic for the period until 2035. Later, laws were passed introducing economic preferences for new projects in the Arctic. Also an important part of this system of documents is the Strategy for the Development of the Arctic, which is currently being approved.

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