The Arctic region is rich in oil. natural gas. Mineral and fishery resources, its oil and gas reserves account for a quarter of the world's undeveloped oil and gas resources. Global warming is causing the Arctic ice to melt at a rate of 9 percent every 10 years, and the route through the Arctic Ocean along Russia's northern coastline connecting the Atlantic and the Pacific can travel tens of thousands of kilometers from Asia to Europe than the Panama Canal. 
There have been many serious conflicts in the international community over the development of the Arctic, but the countries involved have calmly shelved or dealt with them in a low-key manner
 the development and utilization of the Arctic will bring enormous benefits to mankind