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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.

    Top Stories

    Posted By Uma Rajagopal

    Posted on September 29, 2022

    Featured image for article about Top Stories

    HELSINKI (Reuters) – Finland is watching its territorial waters very closely following explosions of two Nord Stream gas pipelines, Prime Minister Sanna Marin said on Wednesday.

    Marin told reporters that Finland, which shares the European Union’s longest land border with Russia, considers the explosions “grave news” and “extremely worrying”. The pipelines were built by Russia and European partners.

    The European Union on Wednesday promised a “robust” response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks under the Baltic Sea. Russia has also said sabotage was a possibility.

    “Finnish authorities and the government is watching the situation very closely. We are monitoring the situation in the Finnish economic area and our territorial waters,” Marin said.

    Defence minister Antti Kaikkonen said Finland had not detected increased military activity in its vicinity in recent days but keeps close contact with Nordic neighbours and NATO allies to exchange information.

    The government said it will move to restrict heavily the transit of Russian citizens holding tourist visas to other countries in the Schengen region via Finland, refusing to give a date of enforcement before an official decision over the matter expected on Thursday.

    Finnish land border crossings have remained among the few entry points into Europe for Russians after a string of Western countries shut both physical frontiers and their air space to Russian planes in response to Russia’s invasion of Ukraine seven months ago.

    Finland will also consider building a fence on parts of its 1,300-km border with Russia, with an estimated cost of several hundreds of millions of euros, minister of interior Krista Mikkonen said. The fence would take 3-4 years to build, she said.

    (Reporting by Anne Kauranen; Editing by Grant McCool)

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