"Russian leader Vladimir Putin has made an astonishing bid to grab a vast chunk of the Arctic, giving himself claim to its vast potential oil, gas and mineral wealth.

His audacious argument that an underwater Russian ridge is linked to the North Pole is likely to lead to an international outcry.
...
Sergei Priamikov, of Russia's Arctic and Antarctic Research Institute, said the notion was "strange" and warned other countries could make counter claims.

Canada "could say that the Lomonosov ridge is part of the Canadian shelf, which means Russia should in fact belong to Canada, together with the whole of Eurasia", he observed drily. "
http://www.dailymail.co.uk/pages/live/articles/news/worldnews.html?in_article_id=464921&in_page_id=1811

That may be true, but Canada doesn't have +10,000 nukes:)