Russia's revised submission for its claim of the Arctic shelf borders is almost complete. Russia was rejected earlier this year after submitting a claim for expanding its shelf borders to the UN commission, because of a lack of information.

The United Nations Convention on the Law of the Sea allows the coastal states in the Arctic to submit their claims for the continental shelf, outside their Exclusive Economic Zones.

The potential resources in these areas are huge, so a competition between the states has begun. Russia, for example, both claiming some of the same areas as Canada and Denmark (through Greenland).

Norway is the only country that has gotten its claim approved, but the other claims are more complicated.

"We have done a great deal of work, with the submission 90 percent complete", Russian Deputy Prime Minister Sergei Ivanov said at a press conference.

The deputy prime minister said that Russian specialists are preparing a claim to be submitted to the UN Commission on the Limits of the Continental Shelf in 2012.

Source:Barents Observer via RIA Novosti