Russia's renowned polar geological company is closing its doors (www.thebarentsobserver.com)
from Delta_V@lemmy.world to world@lemmy.world on 05 Feb 18:25
https://lemmy.world/post/42718570

Since it was established in 1962, the Polar Marine Geosurvey Expedition (PMGE) has been one of Russia’s leading institutions for geological exploration in the Arctic.

But the renowned company has come to the end of the road. Mounting focus on the Arctic and its vast mineral resources notwithstanding, the PMGE will be shut down this month…

“The company can operate if it has orders and they are fulfilled. If there are no orders, the company cannot operate, even if it has historical value,”…

…PMGE has been subject to US sanctions since early 2024…

#world