4 August 2015, RTCC, Russia lays claim to vast Arctic territories. Renewed bid for oil-rich polar region comes as US president Obama plans climate change warning at Arctic summit: Russia has submitted a claim to the UN for 1.2 million square kilometres – an area larger than France and Germany – of Arctic territory. Citing studies of the extent of the continental shelf, Moscow is seeking to extend its sovereignty over much of the North Pole. A similar bid in 2001 was rejected, but the foreign ministry says it has fresh data. It conflicts with a claim filed by Denmark in December 2014, which is still under consideration. Canada is also expected to make a pitch in the coming months, although that could be held up by federal elections in October. Robert Huebert, a Canadian expert on the Arctic and international relations, told RTCC other countries were likely to welcome Russia “playing by the rules” – in contrast to its military incursion into the Ukraine. It comes ahead of a key summit of Arctic powers, at which US president Barack Obama is set to highlight the threat posed by climate change. Pentagon officials have warned that the US military is ill-equipped to deal with emergencies in the harsh polar conditions as global warming opens it up to oil exploration and shipping. The area claimed by Russia is estimated to cover 594 oil fields and 159 gas fields, the Barents Observer reported, as well as nickel and gold deposits. Read More here