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    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.
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    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.

    Finance

    Posted By Global Banking and Finance Review

    Posted on January 14, 2025

    Featured image for article about Finance

    HELSINKI (Reuters) - European nations must be prepared to face further incidents in the Baltic Sea following the recent damage to undersea infrastructure, leaders of NATO countries in the region said on Tuesday ahead of a security meeting in Helsinki.

    Baltic Sea nations are on high alert after a string of power cable, telecom link and gas pipeline outages in the wake of Russia's invasion of Ukraine in February 2022, and are discussing an increased NATO presence.

    Some 2,000 ships are crossing the Baltic Sea every day, making it difficult to monitor it all, Latvian President Edgars Rinkevics said.

    "Let's face it, we can't ensure 100% protection but if we are sending a bold signal then I think that such incidents are going to decrease or even to stop," Rinkevics told reporters.

    Finnish police last month seized a tanker carrying Russian oil and said they suspected the vessel had damaged the Finnish-Estonian Estlink 2 power line and four telecoms cables by dragging its anchor across the seabed.

    German Chancellor Olaf Scholz said on Tuesday that this and other recent incidents in the Baltic Sea must be assumed to be part of a hybrid strategy that is threatening European countries.

    "It is important that we come together here now and talk about how we can work together to ensure greater security in the Baltic Sea region," Scholz said.

    (Reporting by Essi Lehto, Anne Kauranen and Andreas Rinke in Helsinki, and Louise Rasmussen and Stine Jacobsen in Copenhagen, editing by Terje Solsvik)

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