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Norwegian monarch visits polar Svalbard as interest in Arctic grows
Published by Global Banking & Finance Review®
Posted on June 16, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on June 16, 2025
2 min readLast updated: January 23, 2026
Norwegian royals visit Svalbard as global interest in the Arctic grows, highlighting its strategic importance and marking a century of Norwegian sovereignty.
By Gwladys Fouche
OSLO (Reuters) -Norway's King Harald and Queen Sonja were due to visit on Monday the main settlement on the strategically located Arctic archipelago of Svalbard at a time of increased interest in the resource-rich polar region from the U.S., Russia and China.
Focus on the Arctic's strategic importance for mining, shipping and security has increased sharply because of repeated statements by U.S. President Donald Trump that he wants to take over Greenland.
The Arctic also holds fossil fuels and minerals beneath the land and the seabed and is an area of military and economic competition.
The royal visit comes a day after French President Emmanuel Macron visited Greenland in a show of European solidarity.
Svalbard - which officially became part of Norway in 1925 - lies roughly midway between the North Pole and the European mainland. King Harald's visit is to mark a century of Norwegian sovereignty.
It is governed under a 1920 treaty which also allows citizens of signatory states to settle there without a visa.
The Svalbard treaty restricts military use of the archipelago, but the islands are not a demilitarised zone. Russia has in the past accused Norway of militarising Svalbard, which Oslo denies.
Norway is NATO's monitor for the vast 2 million square km (772,204 square miles) area of the North Atlantic, which includes the waters between Svalbard and the European mainland, used by the Russian northern fleet's nuclear submarines.
Svalbard has two Russian settlements, Barentsburg and Pyramiden, with 297 residents currently out of a total population of 2,863, according to Statistics Norway.
China, which calls itself a "near-Arctic" state, wants to create a "Polar Silk Road", an alternative shipping route to reduce its dependence on the Strait of Malacca.
(Reporting by Gwladys Fouché in Oslo; Editing by Rachna Uppal)
King Harald's visit marks a century of Norwegian sovereignty over Svalbard, highlighting its strategic importance in the Arctic.
The Arctic holds fossil fuels and minerals beneath the land and seabed, making it a focal point for military and economic competition.
The Svalbard treaty restricts military use of the archipelago, but it is not a demilitarised zone, leading to accusations of militarisation from Russia.
The royal visit to Svalbard follows French President Emmanuel Macron's visit to Greenland, demonstrating growing European interest in the Arctic.
China, identifying itself as a 'near-Arctic' state, aims to establish a 'Polar Silk Road' to create an alternative shipping route.
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