Far North (Russia) Far North (Russia) The Extreme North or Far North () is a large part of Russia located mainly north of the Arctic Circle and boasting enormous mineral and natural resources. Its total area is about , comprising about one-third of Russia's total area. Formally, the regions of the Extreme North comprise the whole of Yakutia, Magadan Oblast, Kamchatka Krai and Murmansk Oblast, as well as certain parts and cities of Arkhangelsk Oblast, Komi Republic, Tyumen Oblast, Krasnoyarsk Krai, Irkutsk Oblast, Sakhalin Oblast, Khabarovsk Krai, as well as all islands of the Arctic Ocean, its seas, the Bering Sea, and the
Arctic policy of Russia Ministers and other officials representing Canada, Denmark, Norway, Russia, and the United States met in Ilulissat, Greenland in May 2008, at the Arctic Ocean Conference and announced the Ilulissat Declaration. Among other things the declaration stated that any demarcation issues in the Arctic should be resolved on a bilateral basis between contesting parties. An example of such bilateral agreement was achieved between Russia and Norway in 2010. Part of Russia's current Arctic policy includes maintaining a military presence in the region. The Russian Northern Fleet, the largest of the four Russian Navy fleets, is headquartered in Severomorsk, in the Kola