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Tensions Will Likely Grow as China Seeks Bigger Role in the Arctic


China has developed a prominent presence in the region since joining the Arctic Council as an observer in 2013, Oksana Antonenko, director at Control Risks, told CNBC s Squawk Box Asia.
The Arctic Council is made up of eight Arctic States Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States.
It is an intergovernmental group that seeks to promote cooperation among the Arctic states as well as inhabitants of the Arctic. Their goal is to ensure the Arctic region, which faces harsh climates and extreme weather conditions, is protected and sustainably developed.
In 2018, Beijing announced plans to build the Polar Silk Road a network of Arctic shipping routes. It has also previously referred to itself as a near-Arctic state, a proposition that ignited some controversy. ....

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