As a result of the climate change the situation in Arctic area leads to several important consequences. On the one hand, oil and gas resources can be exploited much easier than before. Thus, one can already observe discussions on disputed shelf zones where the deposits are located. On the other hand, oil and gas excavation leads to serious potential threats to fishing by changing natural habitats which in turn can create serious damage to the economies of some countries in the region. Another set of problems arises due to the extension of navigable season for Arctic Shipping Routes.
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