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 Circle (organization) National Press Club in Washington, Iceland President Ólafur Ragnar Grímsson said that "the Arctic has suffered from a lack of global awareness and, as a result, a lack of effective governance. In the past, the region did not matter to the world's decision-makers and was largely forgotten. Now, with sea-ice levels at their lowest point in recorded history, the world is waking up to the challenges and opportunities the Arctic presents for its citizens as well as those who live in lower latitudes." Participants in the Arctic Circle since its inaugural Assembly in October 2013 have included institutional and governmental