On 28 May 1938, the Murmansk Region, a special Russian region that had always been strategically significant, was established. From the very beginning, the geographic position of the Murmansk Region defined the Kola Peninsula as a crucial area for geopolitical interests of Russia in Northern Europe and the Arctic. Its non-freezing deep-water port became a centre for commercial fishing in the Barents Sea and Northern Atlantic, a starting point of Arctic exploration and the main base for the Northern Navy.

Today, Murmansk is the only port in European Russia with an open access to major oceanic routes. Vessels leave the Murmansk port to the Northern Sea Route that links the Atlantic to the Pacific through the arctic waters and provides access to natural resources of the Far North, Siberia and the Far East. 

The Murmansk seaport is the only port in the country capable of receiving vessels of up to 300 tonnes deadweight any time of the year. It is one of the ten biggest Russian ports in the amount of cargo transhipment which is certainly because of our biggest enterprises – JSC Murmansk Commercial Seaport and JSC Murmansk Shipping Company – having the main share of cargo transport in the Russian sector of the Arctic.

It is Murmansk that is the base for the Russian nuclear icebreakers fleet operated by FSUE Atomflot.

Over the years, over 60 major deposits of various raw minerals have been discovered on the Kola Peninsula which predefined building and development of a major industrial complex producing 100% of Russian apatite, nepheline and baddeleyite concentrate, 45% of domestically produced nickel, 10% of iron-ore concentrate and 7% of refined copper.

Major enterprises such as Kola Mining and Metallurgy Company, Apatit, Olkon, Kovdor, Mining and Processing Plant, Kandalaksha Aluminium Plant.

The Murmansk Region is one of the most energy-loaded territories of Russia. Our energy system is based on the Kola Nuclear Power Plant, 17 hydroelectric plants and municipal and industrial thermal power and heating plants.

Efforts of our geology survey companies at the Barents Sea shelf led to discovery of petroleum resources that include unique deposits of regional and even national importance.

Today, investment in education, health and cultural development of the public is the main objective of the Murmansk Region Government. The human capital is becoming the main factor for development and growth.

The Murmansk Region Government therefore prioritises building a strong innovative economy orientated at people, their needs requirements and development of their potential.