Russian President Vladimir Putin has weighed in on the ongoing global debate about Greenland’s strategic value, as U.S.
President Donald Trump recently revived talks about acquiring the Arctic territory.
Speaking at a Russian Security Council meeting, Putin said that "Greenland’s price could be roughly between $200 million and $250 million if compared to the historical U.S. purchase of Alaska in 1867 — which cost just $7.2 million then (about $158 million today).
He also suggested that if one factors in gold prices from that era, the figure might even approach $1 billion.
Putin stressed that Russia is not directly concerned with what happens to Greenland, and views the issue as something for Denmark and the U.S. to resolve between themselves.
He referenced past land deals — like Alaska — to underline that any market value discussion is hypothetical, not a real negotiation.
This comment comes amid broader market and geopolitical tension, where Arctic land and resources are gaining attention from major powers due to strategic access and natural wealth beneath the ice.
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