- Sputnik International, 1920, 04.09.2022
Eastern Economic Forum 2022
The Eastern Economic Forum (EEF) is taking place in Russia’s Vladivostok on September 5-8, 2022. President Putin established the forum in 2015 to boost investments into Russia’s Far Eastern regions. Over 4,000 participants are expected to visit this year’s event, attending over 70 business events.

India Welcomes China’s ‘Polar Silk Road’ But Opposes ‘Monopoly’ in the Arctic, Expert Says

© Photo : Air University Chinese paramilitary police border guards train in the snow at Mohe County in China's northeast Heilongjiang province, on the border with Russia, on December 12, 2016
Chinese paramilitary police border guards train in the snow at Mohe County in China's northeast Heilongjiang province, on the border with Russia,  on December 12, 2016 - Sputnik International, 1920, 08.09.2022
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China has identified itself as a “near-Arctic state” and key stakeholder in the governance of the Arctic region, as per an official policy document from 2018. India, on the other hand, launched its own “Arctic Policy” in March of this year in order to boost its presence in the resource-rich region, which is also critical to combat climate change.
The "Polar Silk Road," which is also a part of the Belt and Road Initiative (BRI), seeks to facilitate “connectivity and sustainable economic and social development of the Arctic” region, as per a white paper released by China’s State Council Information Office.
Major General (retired) B.K. Sharma, a leading Indian military expert and director of New Delhi-based think tank United Service Institution of India (USOI), says that New Delhi “welcomes” Beijing’s growing presence in the Arctic Ocean region as part of the "Polar Silk Route," but is against China establishing a “monopoly” in the region.
Sharma, who is part of the Indian delegation at the Eastern Economic Forum (EEF) and was a speaker at two events related to the Arctic region — "The Global Impact of the Russian Arctic: Opportunities for South Asia" and the "Eastern Dimension of International Cooperation in the Arctic," shared with Sputnik his views on cooperation in the Arctic.

“China is [a] very big country and [has the capacity for] real work in [the Arctic]. And we welcome the Polar Silk Route and other things,” Sharma told Sputnik on the sidelines of the EEF in Vladivostok, a Pacific port city in Russia. “We believe that cooperation in a win-win situation is good. But it should not be a monopoly.”

The military veteran also mentioned that the "Polar Silk Road" shouldn’t turn into another “debt trap” for participating countries, as he referred to concerns expressed by several governments about the financial feasibility of the Belt and Road Initiative (BRI).

“We’ve seen the example of the [BRI], where they were not transparent in what they were doing. And many of the countries were led into the debt trap,” Sharma argued.

The Indian think tanker said there should be “checks and balances” as far as Beijing’s participation in the region is concerned. Sharma further called for a “level-playing field” for all participants in the region.
A member of an exploratory team from India waves country’s flag at the arctic region - Sputnik International, 1920, 01.09.2022
Eastern Economic Forum 2022
India Must Take Both Russia & China Into 'Confidence' to Boost Arctic Presence, Says Expert
The economic, environmental, and other affairs in the Arctic region are governed by the Arctic Council, which is currently headed by Russia under a rotating presidency.
Canada, the US, Denmark, Finland, Iceland, Norway, and Sweden are the other permanent members of the Arctic Council. France, Germany, India, China, Japan, Italy, the Netherlands, Poland, South Korea, Spain, Switzerland, Singapore, and the United Kingdom are currently observer countries.
There is a question mark over the future of cooperation in the Arctic Council after seven permanent members called for a boycott of the Russian presidency in March after Moscow launched a special military operation in Ukraine.
Sharma said that it was important for the differences between Western states and Russia to be “resolved” before cooperation within the Arctic Council framework could resume.

“I think the Arctic Council in its present form is a clear dead-horse. So, there would be a lot of stubborn resistance from European countries to do anything that Russia would like to do,” the Indian think tanker reckoned.

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