• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on February 13, 2025

    Featured image for article about Headlines

    By Janis Laizans

    GULF OF FINLAND (Reuters) - Estonia's navy is prepared to act against vessels that pose a danger to Baltic Sea infrastructure even if they are in international waters, a senior official patrolling the busy Gulf of Finland shipping lane said on Thursday.

    The Baltic Sea region is on alert and the NATO alliance has boosted its presence after a series of power cable, telecom and gas pipeline outages since Russia invaded Ukraine in 2022. Most were caused by civilian ships dragging their anchors.

    While some of the underwater breaches have been ruled accidental, others are still under investigation although no suspects have so far been put on trial.

    On a cold morning with snowy weather limiting visibility, the mine hunter the Sakala approached a barge, which had a Cypriot flag but appeared to have a Russian name. From a distance of a few hundred metres, it used a camera to zoom in on the vessel's anchors.

    On this occasion, nothing wrong was detected, and the navy ship continued patrolling the area through which around 500-600 vessels pass every week, many heading to or from Russian ports.

    "If there is a threat that they are going to break the critical infrastructure, then we are forced to intervene," Estonian navy Deputy Commander Johan-Elias Seljamaa said, adding that this would be the case "even in the international waters".

    He declined to discuss operational details.

    The patrols began after Finland in December seized an oil tanker suspected of ripping apart the Estlink 2 undersea power cable by dragging its anchor along the seabed, cutting one of the two electricity lines that connect the country with Estonia.

    To try to deter any future saboteurs, Estonia has since deployed three vessels near the remaining Estlink 1 cable in the busy Gulf of Finland, an arm of the Baltic Sea that at its eastern end stretches into Russian waters.

    Moscow has denied any involvement in the cable breaches.

    (Reporting by Janis Laizans, writing by Terje Solsvik; editing by Barbara Lewis)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe