The European Commission's proposal to double its financial support for Greenland marks a turning point in defending the EU's strategic interests in the Arctic region in the face of Russian, Chinese and American ambitions.

Nuuk

The European Commission has announced plans to double its financial support to Greenland in its next budget proposal. This move highlights Europe's increasing focus on the Arctic, a region gaining importance due to global warming and shifting geopolitical dynamics.

The Arctic's melting ice is opening new shipping routes and raising the region's commercial and strategic value, particularly for access to hydrocarbons and infrastructure security. The European Union aims to balance commercial interests with strategic protection, especially given the proximity of Russian territory and military presence in the area.

European Commission doubles financial support to Greenland

It's a signal that speaks volumes about Europe's intentions in the Arctic region. Last week, the European Commission proposed doubling its financial support for Greenland as part of the next European budget. This area around the North Pole has become a focal point of global commercial and geopolitical interests. The melting of the ice caused by global warming is reshuffling the political landscape and could bring Europe closer to Asia. route in the north is much more convenient from Beijing to Rotterdam rather than the classic one that passes through the Malacca Strait and the Suez Canal and Gulf of Aden, which is of course like it's 30 to 50 percent longer. It takes 14 to 20 days more than the Arctic route. But this route is not as open as it seems. Fifty three percent of this northern sea route runs alongside Russia, which is seeking to extend its exclusive economic zone. Additionally, this region is home to the Russian Northern Fleet. Since the Kremlin's invasion of Ukraine, tensions in the Arctic have escalated significantly. In order to defend its interests, the EU therefore cannot solely rely on member states in the region. Think about underwater infrastructure, such as fiber optical cables, it's easy to understand why being present in the region is so important and think about Greenland or other territories in the region as platforms that make it possible to establish the so-called system of early warnings or even to deploy aerial, naval or even robotics units directly in the Arctic. The EU is seeking to strike a balance between commercial openness and strategic protection. But access to the Arctic's hydrocarbons is also at stake for the bloc. According to estimates, the region holds 13 percent of undiscovered oil reserves and 30 percent of gas reserves.

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