Georgy Konchev

The idea is to prevent Russia or China from gaining a foothold, whether it's economically or militarily.

The U.S.

would have this initial preemptive ability to block investments and moves by Russian or Chinese entities in Greenland's kind of mining sector, which is important because the island is endowed with huge geological wealth.

It has 25 out of the European Union's 34 critical raw materials.

It is, of course, a different matter of how fast this can be tapped and how fast this actually can be exploited.

The terrain is very difficult.

It's going to take a lot of investment and time.