Economics

Russia’s Thawing Permafrost May Cost Economy $2.3 Billion a Year

  • Permafrost area is warming, risking damage to infrastructure
  • Craters opened in key gas region; Norilsk homes demolished
Snow covers the streets of Gvardeyskaya square in Norilsk, Russia.Photographer: Andrey Rudakov/Bloomberg
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Russia plans to pay more attention to the impact climate change is having on its vast permafrost area.