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25 Roubles Snowy owl

Issuer Arktikugol Trust (Spitsbergen)
Year 2013
Type Fantasy coin
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Obverse script Cyrillic
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Reverse lettering БЕЛАЯ СОВА
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Additional information

Arktikugol — the Soviet-era coal trust that still operates Russia's mining settlements on Svalbard under a 1920 treaty loophole — has issued these rouble-denominated tokens intermittently since the 1990s, technically valid currency within the Barentsburg settlement. Norway administers the archipelago, but the treaty grants Russia the right to maintain commercial activity there, and Arktikugol has exploited that status to produce collectible pieces that circulate nowhere in any practical sense.

The 2013 snowy owl issue is part of a wildlife series clearly aimed at the collector market rather than the mining workforce.

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