The International Arctic Forum, which serves as a platform for discussing issues relating to the Arctic region’s development, is taking place in St. Petersburg, Russia, on Tuesday and Wednesday. The key theme of the ongoing forum is “The Arctic: An Ocean of Opportunity”.
Iceland’s President Gudni Johannesson told Sputnik that he was going to discuss the future of the Arctic region and the Arctic Council during Wednesday talks with Russian President Vladimir Putin.
The Ukrainian crisis has affected Russian-Icelandic relations. Iceland, which is not a member of the European Union, joined all anti-Russian sanctions adopted by the bloc, without exception. Political contacts were frozen on the initiative of Reykjavik.
Russia’s exports to Iceland include mineral products, machinery, equipment and vehicles, wood, pulp and paper products, metals and metallic products and chemicals.Russia’s imports from Iceland consist mainly of food products and agricultural raw materials, machinery, equipment and vehicles, metals and metallic products, chemicals and other goods.