More funding to study continental shelf
Russia’s Natural Resources Ministry allocates 1,5 billion rubles (EUR 36 million) for 2010 in studies aimed to defined the extent of the continental shelf in the Arctic.
These funds will be spent on additional hydrographic and geophysical research in the Arctic Ocean, the ministry said in a statement.
Read also: New Russian expedition to the Lomonosov Rigde
The continental shelf comprises the submerged prolongation of the land territory of the coastal State. In April last year the U.N. Commission on the Limits of the Continental Shelf settled an agreement with Norway, as reported by BarentsObserver.
Norway’s new continental shelf boundaries is between 84 and 85 degrees north, approx half the way between the northern edge Svalbard and the North Pole.
Denmark, Russia and Canada are now working with the UN Commission to settle their continental shelf claims in the Arctic.
Read also: Denmark closer to the North Pole
