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The Arctic Race: Six Nations Stake Claims

Feb 27, 2026
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The North Pole belongs to no one—technically. But six countries claim the surrounding Arctic waters. Russia: ~4.8M sq km (1.85M sq mi). Canada: ~4M sq km (1.54M sq mi). Denmark (Greenland): ~2.2M sq km (843K sq mi). Why? 90 billion barrels of oil, massive gas reserves, and $1T+ in rare earth minerals beneath the melting ice.