In this article the author considers the issue of exploitation of Arctic region, especially of NSR. This transport corridor is very important from geopolitical point of view. The future of NSR will be thoroughly considered and the author will pay attention to the political horizons that opens as far as the interest of international community to Arctic rises and socio-economical processes are accelerating. The political institutions which regulate exploitation of NSR, legal framework, estimations of experts from different relevant fields and the problems of exploitation of Arctic region that have emerged on grounds of the current political situation in the world - all these aspects will be considered in the article. The special attention will be paid to the possible Russian self-determined exploitation of Arctic and NSR. Even though there are considerable reserves of natural resources in Arctic, its' capacity does not afford carry out its' active exploitation in short-term. Consequently, its' capacity does not permit exclusion of exploitation of NSR on account of transit route. Saving of the current relations with Western partners and development of opportunities to exploit Arctic region on our own - the main political goals of Russia. Recent events of this year demonstrate two important forces which have an impact on the exploitation of NSR. Firstly, an important role of Russia in international exploitation of Arctic, understanding of that at the international level and interest of foreign partners in cooperation with Russia in Arctic including over the question of NSR despite exacerbation of relation with the West. Secondly, present state of Arctic territories in terms of economics and socio-political aspect does not correspond to the boost of geopolitical power of Russia in Arctic. Western sanctions seriously harm sustainable development of Arctic in short-term. However, they will accelerate political processes in the region in case Russia wants exploit Arctic and take the lead among Arctic states. There is a necessity to overcome the technological and economical lag from the West, to create better infrastructure along the coast of the Arctic Ocean, to attract human resources in High North, to increase the government support of business in Arctic.