Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Russian threat to Baltic security rising - Estonian intelligence report

Published 08/02/2023, 11:11
Updated 08/02/2023, 12:56

By Andrius Sytas

VILNIUS (Reuters) - Estonia's Foreign Intelligence Service said it believed Russia still had the strength to exert "credible military pressure" on the Baltic region, where the security risk has risen for the medium and long-term.

NATO and the European Union members Estonia, Latvia and Lithuania - the so-called Baltic states - have sharply boosted defence spending in response to Russia's 2014 capture of Crimea from Ukraine and the invasion of Ukraine last year.

"A military attack against Estonia is unlikely in 2023" due to Russia's invasion of Ukraine, but "in the mid-to-long term, Russia's belligerence and foreign policy ambitions have significantly increased the security risks for Estonia," the Estonian service said in its annual report on Wednesday.

"Russia considers the Baltic states to be the most vulnerable part of NATO, which would make them a focus of military pressure in the event of a NATO-Russia conflict."

Russia's military presence near the Baltic states' borders could be rebuilt in four years, the intelligence service said.

Russia's plan to conduct large-scale military exercises at its western borders two years earlier than scheduled could further strain the security situation in the Baltic region this year, it said.

Moving forward the major exercise - to some time this year - at a time when Russia has invaded Ukraine, "can be seen as a deterrent and threat to the West and as an incitement to patriotism among the Russian population", it added.

The Estonian intelligence service said Russia remained determined to continue its invasion of Ukraine through 2023, as it attempts to wear down Kyiv and its western backers into submission, but was "unlikely" to use tactical nuclear weapons in the conflict.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

It said President Vladimir Putin's government was certain to remain in power for the foreseeable future, and that any replacement would be unlikely to be democratic.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.