Russian President Putin says they are ready for cooperation in the Arctic, not seeking confrontation, but will protect Russian interests, Tass reports. Northern Sea route is becoming more important given global disruptions.

Putin's statement underscores a strategic pivot towards cooperation in the Arctic while simultaneously asserting Russia's readiness to defend its interests. This could signal a potential stabilization in regional tensions, hence influencing energy and commodity markets, particularly given the significance of the Northern Sea Route amidst current global supply disruptions.