The European Union maintains its opposition to Arctic oil and gas development despite soaring energy prices and growing supply concerns. Its updated Arctic strategy prioritizes environmental protection and regional security over hydrocarbon exploration. Meanwhile, Norway intends to expand Arctic drilling, welcoming Brussels’ decision to abandon calls for a moratorium. Russia continues strengthening its military and energy presence across the region.
Source
https://oilprice.com/Energy/Natural-Gas/EUs-Arctic-Strategy-Excludes-Oil-and-Gas.html
