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 signals an attempt to portray Russia as a cooperative player in the Arctic, emphasizing a focus on protecting its interests amid rising tensions. This approach may influence trading across energy and commodity markets, as the Northern Sea Route's significance increases due to global disruptions, potentially affecting oil and natural gas prices.