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Watch: CNBC speaks to Russian President Vladimir Putin

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CNBC's Geoff Cutmore chaired a panel at the International Arctic Forum in Arkhangelsk with Russian President Vladimir Putin, Icelandic President Gudni Johannesson and Finnish President Sauli Niinistö.

Billed as the "Arctic: Territory of Dialogue" International Arctic Forum, it was first established in 2010 and is used as a major platform for the expert and political communities to hold discussions on the pressing issues in the Arctic region. The forum's central theme is "People and the Arctic".