International legal and economic aspects of Arctic development

The article considers the international legal regulation in the Arctic Region, and substantiates the need for the adoption of global international legal norms and rules for the implementation of economic activities in this region. The article is devoted to the legal regime of the Arctic Region, the complexity of determining which depends on the use of one or another approach, namely the application of universal international legal norms and rules to this area or the granting a special status to this territory. The authors substantiate that taking into account scientific and technological achievements and climate change, the geopolitical situation, constructive international cooperation in the Arctic is of the utmost importance. The only effective international organization in this region is the Arctic Council, which provides international cooperation between Arctic states and non-Arctic countries that seek to strengthen their presence in the Arctic Region.