Russian Arctic islands Russian Arctic islands The Russian Arctic islands are a number of islands groups and sole islands scattered around the Arctic Ocean. The islands are all situated within the Arctic Circle and are scattered through the marginal seas of the Arctic Ocean, namely, the Barents Sea, Kara Sea, Laptev Sea, East Siberian Sea, Chukchi Sea and Bering Sea. The area extends some from Karelia in the west to the Chukchi Peninsula in the east. The largest of the Arctic islands is Severny Island, with an area of about . It is Russia's second largest island next to Sakhalin Island, and the
Kara Sea Port and Dikson and it is important as a fishing ground although the sea is ice-bound for all but two months of the year. Significant discoveries of petroleum and natural gas, the East-Prinovozemelsky field, an extension of the West Siberian Oil Basin, have been made but have not yet been developed. In 2014, US government sanctions resulted in Exxon having until September 26 to discontinue its operations in the Kara Sea. The International Hydrographic Organization defines the limits of the Kara Sea as follows: There are many islands and island groups in the Kara Sea. Unlike the other marginal seas