Investing in the Arctic Region Through the Establishment of the Arctic Development Investment Fund: Legal Aspects of Realization

Purpose of the study. This paper examines the key strategic legal acts regulating the development of the Arctic, including the decree of the President of Russia on the development strategy until 2035 and laws that provide support for entrepreneurship and investment activities in this region, including the recently adopted federal law of 13.07.2020 № 193-FZ “On state support for entrepreneurial activity in the Arctic zone of the Russian Federation”. Conclusions. The authors of the paper emphasize the importance and necessity of creating an investment fund for the development of the Arctic, which will operate within the framework of public-private partnership and focus on sustainable development and innovative technologies in the Arctic zone. The article discusses aspects of forming the legal structure of the fund, creating mechanisms to protect the rights of investors and ensuring transparency of financial flows. According to the authors, the Arctic Development Investment Fund can become the basis for the development of key sectors of the Arctic zone economy, contributing to economic growth and sustainable development of the region. Taking into account all the above-mentioned aspects, the creation of the Arctic Development Fund will start a new era for the Russian Arctic, turning it into an important element of the global economy with the participation of the Russian Federation.