Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

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
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    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.

    Home > Finance > As sabotage allegations swirl, NATO struggles to secure the Baltic Sea
    Finance

    As sabotage allegations swirl, NATO struggles to secure the Baltic Sea

    As sabotage allegations swirl, NATO struggles to secure the Baltic Sea

    Published by Global Banking and Finance Review

    Posted on December 3, 2024

    Featured image for article about Finance

    By Anne Kauranen and Sabine Siebold

    TURKU, Finland (Reuters) - On Nov. 18, hours after two communication cables were severed in the Baltic Sea, 30 NATO vessels and 4,000 military staff took to the same body of water for one of northern Europe's largest naval exercises.

    The 12-day 'Freezing Winds' drill was part of a push to step up the transatlantic defence alliance's protection of infrastructure in waters that carry 15% of global shipping traffic and are seen as increasingly vulnerable to attack.

    The Baltic Sea is bordered by eight NATO countries and Russia. There have been at least three incidents of possible sabotage to the 40-odd telecommunication cables and critical gas pipelines that run along its relatively shallow seabed since 2022, when Russia invaded Ukraine.

    "NATO is stepping up patrols, ... allies are investing in innovative technologies that can help better secure these assets," said Commander Arlo Abrahamson, a spokesperson for NATO's Allied Maritime Command.

    Yet the ease with which a ship's anchor can slice through a cable, coupled with the often-treacherous sea conditions, makes actual prevention of such attacks almost impossible.

    On day three of the exercise, German Navy commander Beata Król tried to launch an underwater drone from her de-mining vessel, the Weilheim, to inspect the seabed as a winter storm raged.

    After a 30-minute delay in launching it, the drone had frozen and could not operate.

    "The batteries got cold," she said, shrugging, as she waited for the equipment to warm up.

    Having spent years detonating World War Two-era mines on the Baltic seabed, NATO is repurposing its six-vessel minehunting fleet to also monitor suspicious underwater activity, with its hull-mounted sonar scanning the seabed, drones able to take pictures and video under the water, and specialist divers on hand.

    But its powers are still limited.

    "We are a defensive alliance, so by conducting training and exercising, also in areas which are crucial with underwater infrastructure, we show presence and prevent rather than actively engage," Król said.

    CAUSES OF CABLE DAMAGE HARD TO PINPOINT

    Security sources say the Chinese bulk carrier Yi Peng 3, which left the Russian port of Ust-Luga on Nov. 15, was responsible for severing the two undersea cables in Swedish economic waters between Nov. 17 and 18 by dragging its anchor on the seabed.

    As of Monday, it was stationary in Danish economic waters, being watched by NATO members' naval ships, having been urged by Sweden to return to be investigated. Some politicians had accused it of sabotage, but no authority had shown evidence that its actions were deliberate.

    China has said it is ready to assist in the investigation, while its ally Russia has denied involvement in any of the Baltic infrastructure incidents.

    The case is similar to an incident last year when the Chinese ship NewNew Polar Bear damaged two cables linking Estonia to Finland and Sweden as well as an Estonia-Finland gas pipeline. China made similar promises to assist, but the ship was not stopped and, a year on, Finnish and Estonian investigators have yet to present conclusions.

    Damage to cables is not new. Globally, around 150 are damaged each year, according to the UK-based International Cable Protection Committee. The telecoms cables, power lines and gas pipes in the shallow Baltic are particularly vulnerable due to its very intense ship traffic, the U.S.-based telecom research firm TeleGeography said.

    If any of the recent incidents are proven to be sabotage by another country, it would mark a return of a type of warfare not seen for decades.

    "You should go back to World War One or the American-Spanish war to find a state-sponsored sabotage of a submarine cable," said Paul Brodsky, a senior researcher at TeleGeography.

    To counter this potential threat, NATO in May opened its Maritime Centre for Security of Critical Undersea Infrastructure (CUI) in London, which wants to map all critical infrastructure in NATO-controlled waters and identify weak spots.

    In Rostock, on Germany's Baltic coast, a multinational naval headquarters opened in October to protect NATO members' interests in the sea.

    "What I think we can achieve is to place the responsibility after an incident," CUI's Branch Head, Commander Pal Bratbak, said onboard the Weilheim, stressing the growing power of technology.

    NATO's Centre for Maritime Research and Experimentation in Italy is launching software that will combine private and military data and imagery from hydrophones, radars, satellites, vessels' Automatic Identification System (AIS) and fibres with Distributed Acoustic Sensing (DAS), which private telecom companies use to localise cuts in their cables.

    "If we have a good picture of what's going on, then we can deploy units to verify what the system tells us," Bratbak said.

    German Lieutenant-General Hans-Werner Wiermann, who led an undersea infrastructure coordination cell at NATO Headquarters until March, said no pipeline or cable can be guarded all the time.

    "The right response to such hybrid attacks is resilience," he said, adding that companies were already laying cables to add "redundancies" - spare routings that will allow critical pieces of infrastructure to keep working if one cable is cut.

    On board the Weilheim, Król's second drone is finally able to brave the storm to continue the inspection drill underwater.

    (Reporting by Anne Kauranen in Turku and Sabine Siebold in Berlin, additional reporting by Nerijus Adomaitis in Oslo and Supantha Mukherjee in Stockholm; editing by Rachel Armstrong and Kevin Liffey)

    Related Posts
    UK electricals retailer Currys expects full-year profit growth
    UK electricals retailer Currys expects full-year profit growth
    Coinbase appoints UK ex-finance minister George Osborne to run advisory council
    Coinbase appoints UK ex-finance minister George Osborne to run advisory council
    EU must reform or risk irrelevance, Blair and Dimon say
    EU must reform or risk irrelevance, Blair and Dimon say
    Boeing, union pause contract talks for former Spirit AeroSystems engineers
    Boeing, union pause contract talks for former Spirit AeroSystems engineers
    ECB to hold rates steady as euro zone economy shows resilience
    ECB to hold rates steady as euro zone economy shows resilience
    Dollar holds gains against sterling, yen as central bank decisions loom
    Dollar holds gains against sterling, yen as central bank decisions loom
    Oil prices rise on reports of new US sanctions on Russia, Venezuela blockade
    Oil prices rise on reports of new US sanctions on Russia, Venezuela blockade
    Tech jitters dent stocks before central banks take centre stage
    Tech jitters dent stocks before central banks take centre stage
    Rheinmetall to sell civil business, takes 350 million euro impairment
    Rheinmetall to sell civil business, takes 350 million euro impairment
    Bank of England set to cut rates as inflation and economy slow
    Bank of England set to cut rates as inflation and economy slow
    BP appoints Woodside's Meg O'Neill as CEO after Auchincloss' abrupt exit
    BP appoints Woodside's Meg O'Neill as CEO after Auchincloss' abrupt exit
    China says it is granting new, streamlined rare earth export licences
    China says it is granting new, streamlined rare earth export licences

    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

    Previous Finance PostUK retailers report weakest sales since April, BRC survey shows
    Next Finance PostIntel CEO Gelsinger forced out after board lost confidence in turnaround plan

    More from Finance

    Explore more articles in the Finance category

    BP's chief executives since 1990

    BP's chief executives since 1990

    LVMH CEO Arnault: Ask me again in 10 years about succession plans 

    LVMH CEO Arnault: Ask me again in 10 years about succession plans 

    Trading Day: Tech slumps, oil spikes

    Trading Day: Tech slumps, oil spikes

    IMF says Moldova's economy has unique growth opportunity, but reforms needed

    IMF says Moldova's economy has unique growth opportunity, but reforms needed

    UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada

    UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada

    AbbVie, several other pharma companies near MFN deal with Trump, sources say

    AbbVie, several other pharma companies near MFN deal with Trump, sources say

    BitGo Says it is Setting a New Standard for Institutional Digital Asset Infrastructure with Unified Federal Oversight

    BitGo Says it is Setting a New Standard for Institutional Digital Asset Infrastructure with Unified Federal Oversight

    EU reaches initial agreement on tighter EU-Mercosur safeguards

    EU reaches initial agreement on tighter EU-Mercosur safeguards

    Big marketing push by Nike is unlikely to boost earnings just yet

    Big marketing push by Nike is unlikely to boost earnings just yet

    Regulator orders inspections on some Airbus A320s after fuselage flaw

    Regulator orders inspections on some Airbus A320s after fuselage flaw

    Telefonica to delist ADSs from NYSE over cost, administrative burdens

    Telefonica to delist ADSs from NYSE over cost, administrative burdens

    Austria's Raiffeisen names former executive Hoellerer as new CEO

    Austria's Raiffeisen names former executive Hoellerer as new CEO

    View All Finance Posts