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MOSCOW — Russia has submitted its bid for vast territories in the Arctic to the United Nations, the Foreign Ministry said Tuesday.

The ministry said in a statement that Russia is claiming 1.2 million square kilometers (more than 463,000 square miles) of Arctic sea shelf extending more than 350 nautical miles (about 650 kilometers) from the shore.

Russia, the U.S., Canada, Denmark and Norway have all been trying to assert jurisdiction over parts of the Arctic, which is believed to hold up to a quarter of the planet's undiscovered oil and gas. Rivalry for Arctic resources has intensified as shrinking polar ice is opening new opportunities for exploration.

Read the full story at the Alaska Dispatch >>

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