Newsletter: Military Presence and Sanctions
Dear HNN reader! Russia wants to resume cooperation through the Arctic Council as quickly as possible. At the same time, the war rages on and Western sanctions cause all the more trouble for Russian companies. This is the week, as seen from the High North.
In a High North News interview, the Chair of the Russian Presidency of the Arctic Council says that the Council’s work should be resumed as quickly as possible. (Norwegian only)
He also warns against Swedish and Finnish NATO membership, saying they may “incite militarization of the region and growth in corresponding expenses, which may affect budgets for development, environmental protection, and measures for climate adoption.”
That is a statement Associate Professor Marc Lanteigne finds ironic, given Russia’s invasion of Ukraine.
The sanctions work
The West’s powerful sanctions against Russia continue causing trouble for Russian companies. The South Korean shipyard DSME now cancels orders for three Arc7 classified LNG vessels as the Russian shipping company Sovcomflot fails to make payments as a result of sanctions.
Increased presence
The ministers point out that Finnish-Swedish NATO membership will “improve our collective defense, increase security and stability, as well as strengthen the Alliance in Northern Europe”.
The USA also throws its weight about in the Arctic, more precisely; in Greenland. Though neither Danish nor Greenlandic authorities are familiar with the details of the US plans to invest billions in Thule Air Base in Greenland.
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Wishing you all the best for the weekend on behalf of the High North News editorial staff,
Trine Jonassen, News Editor
This newsletter was originally written in Norwegian and has been translated and adapted by HNN's Elisabeth Bergquist.