Berliner Boersenzeitung - Finland, Sweden debate NATO bids as Ukraine braces for eastern attack

EUR -
AED 4.09844
AFN 76.83586
ALL 99.089905
AMD 432.002035
ANG 2.007856
AOA 1035.248441
ARS 1074.344472
AUD 1.638661
AWG 2.008525
AZN 1.893024
BAM 1.952645
BBD 2.249466
BDT 133.1349
BGN 1.952645
BHD 0.419822
BIF 3229.681956
BMD 1.115847
BND 1.439574
BOB 7.698562
BRL 6.154006
BSD 1.1141
BTN 93.116256
BWP 14.727206
BYN 3.646009
BYR 21870.604702
BZD 2.245672
CAD 1.513875
CDF 3203.596944
CHF 0.949519
CLF 0.037544
CLP 1035.955103
CNY 7.868838
CNH 7.863816
COP 4635.206863
CRC 578.066046
CUC 1.115847
CUP 29.56995
CVE 110.087137
CZK 25.069965
DJF 198.389472
DKK 7.458914
DOP 66.871958
DZD 147.446777
EGP 54.143139
ERN 16.737708
ETB 129.282025
FJD 2.455759
FKP 0.849783
GBP 0.838319
GEL 3.04616
GGP 0.849783
GHS 17.514702
GIP 0.849783
GMD 76.439037
GNF 9625.448619
GTQ 8.612086
GYD 233.06345
HKD 8.693621
HNL 27.636349
HRK 7.586657
HTG 147.002495
HUF 393.006904
IDR 16917.359076
ILS 4.220039
IMP 0.849783
INR 93.159124
IQD 1459.442049
IRR 46968.795211
ISK 152.101006
JEP 0.849783
JMD 175.037201
JOD 0.79058
JPY 160.821451
KES 143.711755
KGS 93.997292
KHR 4524.689674
KMF 492.479286
KPW 1004.261828
KRW 1487.446408
KWD 0.340411
KYD 0.9284
KZT 534.147004
LAK 24601.252923
LBP 99767.610207
LKR 339.910822
LRD 222.82
LSL 19.558301
LTL 3.294807
LVL 0.674965
LYD 5.290452
MAD 10.802747
MDL 19.440591
MGA 5038.858955
MKD 61.515612
MMK 3624.22811
MNT 3791.648663
MOP 8.942951
MRU 44.274468
MUR 51.195339
MVR 17.138946
MWK 1931.679078
MXN 21.635702
MYR 4.687244
MZN 71.247233
NAD 19.558301
NGN 1802.662425
NIO 41.003752
NOK 11.702003
NPR 148.98629
NZD 1.789722
OMR 0.429057
PAB 1.1141
PEN 4.175853
PGK 4.360954
PHP 62.080156
PKR 309.55267
PLN 4.269415
PYG 8691.956818
QAR 4.061738
RON 4.989403
RSD 116.898133
RUB 103.401129
RWF 1501.873494
SAR 4.187163
SBD 9.269272
SCR 14.55748
SDG 671.196271
SEK 11.351558
SGD 1.440826
SHP 0.849783
SLE 25.494098
SLL 23398.751675
SOS 636.67136
SRD 33.704207
STD 23095.783712
SVC 9.74825
SYP 2803.599441
SZL 19.565389
THB 36.811555
TJS 11.842866
TMT 3.905465
TND 3.375746
TOP 2.613427
TRY 38.108792
TTD 7.577757
TWD 35.711596
TZS 3041.485868
UAH 46.048502
UGX 4127.331666
USD 1.115847
UYU 46.035622
UZS 14177.094741
VEF 4042215.025119
VES 41.104208
VND 27455.419831
VUV 132.475619
WST 3.121541
XAF 654.898911
XAG 0.035916
XAU 0.000426
XCD 3.015633
XDR 0.825666
XOF 654.898911
XPF 119.331742
YER 279.324446
ZAR 19.421431
ZMK 10043.986022
ZMW 29.495346
ZWL 359.302336
  • BCC

    -7.1900

    137.5

    -5.23%

  • NGG

    0.7200

    69.55

    +1.04%

  • SCS

    -0.3900

    12.92

    -3.02%

  • RBGPF

    58.8300

    58.83

    +100%

  • GSK

    -0.8200

    40.8

    -2.01%

  • BTI

    -0.1300

    37.44

    -0.35%

  • CMSC

    0.0300

    25.15

    +0.12%

  • AZN

    -0.5200

    78.38

    -0.66%

  • BP

    -0.1200

    32.64

    -0.37%

  • RIO

    -1.6100

    63.57

    -2.53%

  • JRI

    -0.0800

    13.32

    -0.6%

  • CMSD

    0.0100

    25.02

    +0.04%

  • RELX

    -0.1400

    47.99

    -0.29%

  • BCE

    -0.1500

    35.04

    -0.43%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • VOD

    -0.0500

    10.01

    -0.5%

Finland, Sweden debate NATO bids as Ukraine braces for eastern attack
Finland, Sweden debate NATO bids as Ukraine braces for eastern attack / Photo: SERGEY BOBOK - AFP

Finland, Sweden debate NATO bids as Ukraine braces for eastern attack

Russia warned Finland and Sweden Monday they were making a "grave mistake" in their moves to join NATO as Ukraine braced for a new push by Moscow's forces in its eastern Donbas region.

Text size:

The two Nordic countries are poised to jettison decades of military non-alignment due to fears of aggression from Russia, with which Finland shares a 1,300-kilometre (800-mile) border.

Helsinki officially declared its intention to join the NATO military alliance Sunday and Sweden's ruling party has also backed membership, with the issue now being debated by both countries' parliaments.

Russia, whose invasion of neighbouring Ukraine on February 24 has sparked global outrage, killed thousands and created millions of refugees, warned there would be consequences.

"This is another grave mistake with far-reaching consequences," Deputy Foreign Minister Sergei Ryabkov told reporters Monday, warning "the general level of military tensions will increase".

"They should have no illusions that we will just put up with this," he was quoted as saying by Russian news agencies.

Russia has already suspended electricity supplies to Finland, citing payment issues.

But Finnish Prime Minister Sanna Marin told lawmakers: "Our security environment has fundamentally changed.

"The only country that threatens European security, and is now openly waging a war of aggression, is Russia."

- 'Dead-end' -

Ukraine's Western allies have sent weapons and money to help it resist Russia's forces, and NATO promised Sunday support for as long as it was needed.

German Foreign Minister Annalena Baerbock promised military assistance "for as long as Ukraine needs".

Since failing to take the capital Kyiv in the early weeks of the war, Moscow has focused on the eastern industrial region of Donbas, near the Russian border and home to pro-Russian separatists.

"We are preparing for new attempts by Russia to attack in Donbas, to somehow intensify its movement in the south of Ukraine," President Volodymyr Zelensky said in his nightly address Sunday.

But Western intelligence has predicted its campaign will stall amid heavy losses and fierce resistance.

"The occupiers still do not want to admit that they are in a dead-end and their so-called 'special operation' has already gone bankrupt," Zelensky added.

Ukrainian presidential adviser Oleksiy Arestovich told local television Sunday that Russian troops were being redeployed towards the Donbas region after withdrawing from Kharkiv.

The defence ministry later announced Ukrainian troops had regained control of territory near Kharkiv, the country's second-largest city near the Russian border, which has been under constant attack since the invasion.

They "drove out the Russians and claimed the state border", it said in a statement posted on social media alongside a video showing armed Ukrainian soldiers gathered around a yellow-and-blue-painted border post.

Some Russian forces remain to try and block the advance, and air sirens sounded in Kharkiv city in the early hours, according to the Ukrainian army.

Arestovich said the Russian troops that had been withdrawn were being sent towards Lugansk and "their task is to take Severodonetsk," the easternmost city still held by Ukraine.

"Well, something is not working for them."

- Waiting it out -

The fall of Severodonetsk would grant the Kremlin de facto control of Lugansk, one of two regions -- along with Donetsk -- that comprise Donbas.

But Russia's attempt to cross a river to encircle it has been repelled with heavy losses of equipment, according to Lugansk governor Sergiy Gaiday.

And Russian-occupied railway bridges leading to Severodonetsk were blown up, the Ukrainian military said on Facebook late Sunday.

Ukraine's presidency reported Monday two people were killed and nine were wounded, including a child, in shelling on a Severodonetsk hospital.

After almost three months of fighting, more than six million refugees have fled Ukraine, and another eight million have been internally displaced, according to UN agencies.

But some are trying to wait it out.

In Lysychansk, on the other side of the river from Severodonetsk, a policeman tried in vain to evacuate Angelina Abakumova and her children.

"It is dangerous here now. Then it changes and it becomes dangerous over there. What is the point of going back and forth?" she told AFP, on her way back to her basement.

But the battles here have grown in number as the Russians try to gain control of hills overlooking a road providing Lysychansk's last link to the outside world.

"The people who sit here just think that everything will be fine," said the policeman, Viktor Levchenko, of the dozens hiding in the underground corridors and intertwining basements of one of the city's more fortified buildings.

"But unfortunately, everything is not fine."

- 'Behind schedule' -

Russia's defence ministry claimed it had launched strikes overnight on two Ukrainian command posts and five weapons depots in the regions of Kharkiv, Donetsk and Lugansk.

But British defence chiefs said Russia's offensive in Donbas had "lost momentum".

Demoralised Russian troops had failed to make substantial gains and Moscow's battle plan was "significantly behind schedule", UK defence intelligence said.

It added Russia may have lost a third of the ground combat forces it committed in February and was "unlikely to dramatically accelerate" its advance in the next 30 days.

Ukrainian commanders say they expect a turning point in their favour by August, but Western powers have cautioned the conflict will turn into a war of attrition stretching into next year.

- EU meets on oil ban -

Ukraine's Western allies have levelled unprecedented economic sanctions against Moscow to punish it for the invasion, but at the same time, European nations continue to buy Russian oil and gas.

EU foreign ministers met Monday in Brussels to discuss a proposed ban on Russian oil, but Hungary is blocking the move, arguing it would hammer the Hungarian economy.

The war is taking its toll on the continent's growth. The European Commission sharply cut its eurozone growth forecast for 2022 to 2.7 percent, blaming skyrocketing energy prices.

Separately, French automaker Renault has handed over its Russian assets to the Russian government, marking the first major nationalisation since the onset of sanctions.

(H.Schneide--BBZ)