Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

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 © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & 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 > Top Stories > Finland, Sweden apply to join NATO, face Turkish objections
    Top Stories

    Finland, Sweden apply to join NATO, face Turkish objections

    Published by Jessica Weisman-Pitts

    Posted on May 18, 2022

    3 min read

    Last updated: February 7, 2026

    The image captures the NATO ceremony in Brussels where Finland and Sweden submitted their applications for NATO membership, a significant shift in European security dynamics.
    NATO ceremony in Brussels marking Finland and Sweden's application for membership - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

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

    Subscribe

    Tags:international organizationsfinancial communitysecurity

    By Robin Emmott and Marine Strauss

    BRUSSELS (Reuters) – Finland and Sweden formally applied to join the NATO alliance on Wednesday at allied headquarters, a decision spurred by Russia’s invasion of Ukraine, but face objections from Turkey to an accession process that is expected to take only a few weeks.

    Neutral throughout the Cold War, Sweden’s and Finland’s decision to join NATO is one of the most significant changes in Europe’s security architecture for decades, reflecting a sweeping shift in public opinion in the Nordic region since Russia’s Feb. 24 invasion.

    “This is a historic moment, which we must seize,” NATO Secretary-General Jens Stoltenberg said at a short ceremony in which the Swedish and Finnish ambassadors to the alliance handed over their application letters, each in a white folder embossed with their national flag.

    “I warmly welcome requests by Finland and Sweden to join NATO. You are our closest partners, and your membership in NATO will increase our shared security,” Stoltenberg said. The alliance considers that the accession of Finland and Sweden would hugely strengthen it in the Baltic Sea.

    With the applications formally submitted, the Nordic countries and their many backers now face uncertain months where any resistance to their bids needs to be overcome, with all 30 of NATO’s members needing to approve the enlargement.

    Ratification by all allied parliaments could take up to a year, diplomats say.

    Turkey has surprised its allies in recent days by saying it had reservations about Finnish and Swedish membership, saying the two countries harbour individuals linked to groups it deems terrorists and hitting out at arms export embargoes imposed on it after its Syria incursion in 2019.

    Stoltenberg said on Wednesday that he thought the issues could be resolved.

    “We are determined to work through all issues and reach rapid conclusions,” Stoltenberg said, noting strong support from all other allies.

    Seeking to move the membership process along, Sweden’s defence minister has already headed to Washington and will be followed by Swedish Prime Minister Magdalena Andersson and Finnish President Sauli Niinisto later this week.

    The countries hope speedy ratification by the United States, the alliance’s premier power, will help smooth their path to membership with the White House having said it is confident any obstacles can be overcome.

    The decision to seek a place under the NATO umbrella represents a setback for Moscow, with the war in Ukraine triggering the very kind of enlargement of the alliance on Russia’s borders that it took to arms to prevent.

    So far, Moscow’s response has been unexpectedly muted, having previously warned of steps of a “military-technical” nature and that it could deploy nuclear weapons in its European exclave of Kaliningrad were the countries to join.

    President Vladimir Putin said on Monday that Swedish and Finnish NATO membership posed no threat to Russia, but cautioned that Moscow would respond if the Western alliance boosted military infrastructure in the new Nordic members.

    (Reporting by Robin Emmott, Marine Strauss; writing by Robin Emmott and Niklas Pollard; editing by David Evans)

    Frequently Asked Questions about Finland, Sweden apply to join NATO, face Turkish objections

    1What is a security architecture?

    Security architecture refers to the design and structure of security measures and policies that protect a nation or organization from threats.

    2What are arms export embargoes?

    Arms export embargoes are restrictions imposed by countries on the sale or transfer of military weapons and equipment to specific nations.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostDeutsche Bank to get tougher with suppliers over sustainability from July
    Next Top Stories PostLondon City Airport brings forward net zero target to 2030