The article deals with the results of the 2 years of the US chairmanship of the Arctic Council, notes positive results and draws attention to the weak points of the US Arctic policy. It reveals that the US has chaired the AC to solve its own problems related to the Arctic. The authors also analyze the ministerial meeting in Fairbanks (Alaska) and describe the current Russian position in the Arctic. The foundations of the Finnish Arctic policy and the analysis of the first statements of politicians and experts helps the author to predict the Finland's plans for the chairmanship in the Arctic Council 2017–2019, and its possible impact on settling differences in Russian-American and Russian-Western European relations. In addition, it is import...