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The paper considers socio-economic and demographic potentials of the Russian North, and makes the general description of its administrative-territorial composition, population size and density of population. The paper reveals the peculiar features of the Russian colonization of the northern and the Arctic territories and its difference from other countries experiences. Based on the proposed methodology, the analysis of population dynamics was performed, which showed the role of natural and migration growth. Assessment of the impact of migration resulting from socio-economic and political processes in the country on the transformation of the socio-demographic structures is made. The result of the study was that if the current demographic and migration dynamics continue in the coming years, the North and the Arctic will continue to lose its population, women will remain outnumbered and the dependency ratio will increase.
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