FIRST AIRED: January 31, 2017

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Transcript

00:00:00
>> Russia, once again on the march in the Arctic. Its biggest push in the region since the Soviet fall. Building new nuclear icebreakers, and rushing to reopen abandoned Soviet military, air, and radar bases on remote islands, and building new ones. Reuters' Andrew Osborn in Moscow says the question on everyone's lips is, why?
00:00:23
>> One of the main answers seems to be because of the fabulous oil and gas reserves that lie beneath the Arctic, according to one US estimate we're talking about 22% of the world's undiscovered oil and gas reserves. And apparently under the Arctic there are greater hydrocarbon reserves than Saudi Arabia.
00:00:45
>> Russia itself says it's nothing to worry about, saying it's simply modernizing its forces across the country. Building serious military infrastructure and going beyond what even the Soviet era had. Also spending a lot of money to winterize its military hardware, and training its troops for extreme conditions, an effect putting in place what it would need if it ever came down to a fight for the region's riches.
00:01:12
>> If, for example, there was a conflict or a dispute, for example, over the Arctic's resources, over oil and gas, and that was carried out by troops, by tanks, and so on. Russia will be very well-placed to fight such a conflict.>> A long-term play by the Kremlin, but one that will surely cause anxiety for any other country with an interest in the Arctic.