Arctic Region, North Pole, Arctic

Upon ratification of the United Nations Convention on the Law of the Sea, a country has ten years to make claims to extend its 200 mile zone. Due to this, Norway (which ratified the convention in 1996), Russia (ratified in 1997), Canada (ratified in 2003) and Denmark (ratified in 2004) launched projects to establish claims that certain Arctic sectors should belong to their territories.
On August 2, 2007, two Russian bathyscaphes, MIR-1 and MIR-2, for the first time in history descended to the Arctic seabed beneath the North Pole and placed there a Russian flag made of rust-proof titanium alloy. The mission was a scientific expedition, but the flag-placing raised concerns of a race for control of the Arctic's vast petroleum resources. (See 2007 Russian North Pole expedition.)
Foreign ministers and other officials representing Canada, Denmark, Norway, Russia, and the United States met in Ilulissat, Greenland on May 28, 2008 at the Arctic Ocean Conference and announced the Ilulissat Declaration.