Baltic: Nordic, Baltic financial regulators rehearse crisis scenario

The financial regulatory authorities of the eight Nordic and Baltic countries have conducted a financial crisis simulation exercise under the Nordic Baltic Stability Group framework, ERR reports. The exercise was aimed at testing preparedness for a potential crisis situation, including in communication, information sharing, and collaboration between the authorities. Around 450 participants representing Nordic, Baltic,…

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Lithuania: Minister welcomes IMF decision to postpone Russia mission

Lithuanian Finance Minister Gintare Skaiste welcomed the International Monetary Fund’s (IMF) decision to postpone its planned mission to Russia indefinitely, BNS reports. Earlier, the Nordic and Baltic countries as well as Poland urged the IMF to reconsider its decision to resume consultations with Russia. Speaking in an interview with Ziniu Radijas, Skaiste noted that it…

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Baltic: Finance ministers protest IMF’s planned mission to Russia

The finance ministers of the eight Nordic and Baltic countries as well as Poland have protested against the International Monetary Fund’s (IMF) plan to resume missions to Russia, Euractiv reports. The nine EU ministers sent a joint letter to IMF director Kristalina Georgieva, warning that the decision to resume dialogue with an aggressor state would…

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Baltic: Hydrogen corridor to connect Baltic Sea countries by 2040: study

The three Baltic States, together with Finland, Poland, and Germany, should build a green hydrogen corridor by 2040, according to a feasibility study commissioned by the Nordic and Baltic gas transmission system operators, BNS reports. The 2,500-kilometre corridor would transport up to 2.7 million tonnes of hydrogen fuel per year. The corridor could reduce CO2…

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Lithuania: Foreign Minister slams Mongolia for Putin visit

Lithuanian Foreign Minister Gabrielius Landsbergis criticised Mongolia for the visit of Russian President Vladimir Putin to the country, BNS reports. Landsbergis said that Mongolia’s refusal to arrest Putin despite the International Criminal Court’s (ICC) arrest warrant was “another crack in the system based on international law.” The ICC issued the arrest warrant on Putin over…

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Baltic: Baltic Assembly, Nordic Council agree on cooperation

The Baltic Assembly and the Nordic Council have agreed on new priorities of cooperation at their annual summit in the Estonian capital, Tallinn, BNS reports. In the 2024-2026 period, the two parliamentary cooperation organisations will focus on supporting Ukraine’s reconstruction and on defence against cyber threats and disinformation. Also, the eight parliaments will promote democracy…

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Latvia: Nordic, Baltic foreign ministers meeting in Riga

The foreign ministers of the eight Nordic and Baltic countries (NB8) are meeting in the Latvian capital, Riga, on 6-7 September 2023, LSM reports. The ministers will discuss regional and energy security, hybrid threats, support for Ukraine, and cooperation in international organisations. Latvia coordinates NB8 cooperation in 2023. Latvia’s focus is on strengthening the rules-based…

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