Cape Schmidt) is an urban locality (an urban-type settlement) in Iultinsky District of Chukotka Autonomous Okrug, Russia, located about 5 kilometers (3 mi) southeast of the cape of the same name on the shore of the Chukchi Sea (a part of the Arctic Ocean), south of Wrangel Island, about 650 kilometers (400 mi) from Anadyr, the administrative center of the autonomous okrug.

[2] The settlement itself, its airport, and the nearby cape were all named after Otto Schmidt, with Mys Shmidta forming the central base for the enterprises involved in the mining of tin and gold.

[2] The settlement is positioned on a spit which separates the Akatan Lagoon from the open sea and protects the airport from the full effects of the Arctic Ocean.

[18] The importance attached to the summer months from a logistical standpoint was well illustrated in 1983, when winter set in earlier than predicted and resulted in Mys Shmidta and a number of other coastal ports in the Russian Far East closing early due to ice.

[citation needed] This situation placed great strain on the settlement's resources as it struggled to deal with such a large amount of shipping and the associated problem of how to store a much larger than usual quantity of cargo, much of which was not intended to be frozen, while authorities readied the winter snow roads.

[19] Source 3: Time and Date (dewpoints, between 2005–2015)[24] Within the framework of administrative divisions, Mys Shmidta is directly subordinated to Iultinsky District.

[26] Though it has shrunk since the days of the Cold War, Mys Shmidta is still alongside Pevek the main northern sea port in Chukotka.

A federal government decision in 1997 led to the establishment of an emergency radio station in Mys Shmidta as well as other northern Sea route ports to specifically monitor distress and salvage frequencies.

[25] Mys Shmidta is the starting point for any tourist wishing to explore Wrangel Island, a UNESCO World Heritage Site.