The Russian Economic Development Ministry has proposed launching the Arktika satellite system from 2014, according to Federal Space Agency (Roscosmos) head Anatoly Perminov.

The system, worth around R70bn ($2.5bn), will monitor climatic changes and survey energy resources in the Arctic region.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Roscosmos developed a system comprising three subsystems and submitted its proposals to the Economic Development Ministry.

The system will monitor the weather and environment of the North Pole, identify hydrocarbon deposits on the Arctic shelf, provide telecommunications over the hard-to-access areas and ensure safe air traffic and commercial shipping in the region.

Perminov told Golos Rossii radio station that the ministry examined the proposals and deemed it necessary to create such a system, and had now proposed to the government that it be introduced from 2014.

The six-satellite system is a civilian project and a number of Asian countries, as well as Canada and Italy, have shown interest in cooperating.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData