NATO to expand? Chief says Finland — which borders Russia — would be warmly welcomed to the alliance

NATO to expand? Chief says Finland — which borders Russia — would be warmly welcomed to the alliance


NATO chief Jens Stoltenberg says it is for Finland to decide if it wants to apply for membership.

Anadolu Agency | Anadolu Agency | Getty Images

NATO Secretary-General Jens Stoltenberg said Friday that the 30-member U.S.-led alliance would “warmly welcome” Finland should the Nordic country apply for membership in light of Russia’s war in Ukraine.

Finland Foreign Minister Pekka Haavisto said Thursday that the country, which shares a 1,300-kilometer border with Russia, would soon clarify the next steps on the possibility that it will apply for NATO membership.

Local media outlets have shown Finnish support for NATO membership hitting a record high following Russia’s unprovoked invasion of Ukraine.

Speaking to CNBC’s Hadley Gamble on Friday, NATO’s Stoltenberg said Finland’s move to consider joining the NATO military alliance was a “direct result” of Russia’s invasion of its neighbor on Feb. 24.

“The message from NATO and from me is that is for Finland to decide,” Stoltenberg said.

“We will respect the decision regardless of what the conclusion will be, but if Finland decides to apply for membership, I am confident that NATO allies will warmly welcome them — and we can quite quickly make the decision to have them as a member of the allies,” he added.

Sweden has also signaled it’s open to reconsidering its non-alignment policy as the war in Ukraine prompts a sharp upswing in support for NATO membership. A flurry of opinion polls in Sweden published since early March show that nearly half now favor joining NATO.

Stoltenberg’s comments come shortly after a two-day meeting of foreign ministers at NATO’s headquarters in Brussels, Belgium, and as Russia continues redeploying forces to eastern Ukraine.

It is thought the Kremlin is preparing for an offensive in the Donbas region in the coming days.

Ukraine Foreign Minister Dmytro Kuleba on Thursday pressed the military alliance to provide Kyiv with more weapons to defend itself against Russian forces.

‘Weapons, weapons, and weapons’

Kuleba warned of further atrocities like the civilian killings in Bucha unless Ukraine is quickly supported with more military aid. Ukraine is not a member of NATO, but it has received support from the alliance since Russia’s invasion on Feb. 24 — and many member states have already supplied Kyiv with weapons.

However, there are fears that supplying Ukraine with more weapons, particularly heavier offensive equipment such as tanks and fighter jets, could lead to a direct conflict between Russia and NATO.

Speaking ahead of the ministerial meeting on Thursday, Kuleba said: “My agenda is very simple. It only has three items on it. It’s weapons, weapons, and weapons.” He warned the resistance Ukrainian forces had shown in recent weeks would be accompanied by “enormous sacrifices” in the absence of even greater support from NATO.

NATO’s Stoltenberg on Friday declined to go into the specifics types of weapons that would be provided to Ukraine, citing “operational reasons.” However, he said the alliance would supply Kyiv with a “wide range” of both older and more modern-era weapons.

Stoltenberg said NATO allies recognized the urgent need to offer further support to Ukraine.



Source

BlackRock sees shift in artificial intelligence trade. Where investors are putting their money now.
World

BlackRock sees shift in artificial intelligence trade. Where investors are putting their money now.

BlackRock is seeing a shift among Big Tech investors. Jay Jacobs, the firm’s U.S. head of equity ETFs, finds they’re going for targeted themes like artificial intelligence. “One of the biggest trades we’re seeing this year is simply people leaving the traditional tech sector and getting more granular into AI-specific ETFs, like BAI [the iShares […]

Read More
Warren Buffett Watch: Berkshire’s Japanese stock positions top  billion
World

Warren Buffett Watch: Berkshire’s Japanese stock positions top $30 billion

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire’s Japanese stock positions top $30 billion The total value of the five Japanese “trading houses” in Berkshire Hathaway’s equity portfolio has topped $30 billion […]

Read More
These stocks reporting next week have a history of posting earnings beats and rallying
World

These stocks reporting next week have a history of posting earnings beats and rallying

Investors aiming to predict which stocks will pop during earnings season may want to keep an eye on companies that have strong track records of exceeding Wall Street’s expectations. Earnings season for the third quarter starts ramping up next week. Some of the companies slated to share their top- and bottom-line results next week include […]

Read More