The Arctic’s key role in the modern global environment is obvious. Several leading economies have been battling for the right to gain control over this region. The article is focused on the content and approaches to the analysis of Arctic policies of China, South Korea and Japan through the prism of Russia’s economic and geopolitical interests. The authors analyzed and summarized data, expert assessment of activities carried out by the three Eastern Asian countries in the Arctic, reflected the key stages of Russia’s negotiations and cooperation with these countries in the issues pertaining to the development of the Arctic. The conducted analysis showed that the Arctic’s development is possible provided that all parties to the process comply with international laws while making use of innovative technologies and establishing principles of global effective policy. Under the circumstances, Russia needs to take concerted efforts to enhance the models of regional and international cooperation with the countries concerned with a view to protecting and promoting their rights and national interests in the Arctic as an area of the country’s direct presence and borders. ©IAEME Publication.