August 15, 2007	Wednesday	Sha’aban 1, 1428

MOSCOW: Russia is planning to create an Arctic Sea nature reserve, an official said on Tuesday, amid increasingly intense international competition to lay claims over the resource-rich territory.

The ministry of natural resources has approved a proposal for a nature reserve called “The Russian Arctic” including territory around a group of far northern Russian islands in the Arctic Sea, a ministry spokesman said on Tuesday.

The reserve would cover the archipelago of Franz Josef Land and Victoria Island, as well as 8.36 million hectares (32,000 square miles) of surrounding sea, daily Vedomosti reported.

Competing claims over Arctic territory by numerous countries, including Canada, Denmark, and the United States, have sharpened since a Russian expedition planted a Russian flag on the North Pole seabed on Aug 2.

The Arctic Sea bed is thought to contain massive oil and gas reserves.

The ministry spokeswoman denied the nature reserve initiative was in any way connected to Russia's territorial claims, saying: “This project started in 2001 and has nothing to do with the recent expeditions.” —AFP