NATO membership only credible security guarantee for Ukraine, Finnish foreign minister says

Finland's Minister of Foreign Affairs Elina Valtonen speaks to journalists during a meeting with Ukrainian President Volodymyr Zelensky in Kyiv on January 8, 2025, amid the Russian invasion in Ukraine. (AFP)
Short Url
Updated 09 January 2025
Follow

NATO membership only credible security guarantee for Ukraine, Finnish foreign minister says

  • Ukrainian officials including President Volodymyr Zelensky have called for strong security guarantees from partners that would prevent Russia from rearming for a new attack

KYIV: Membership in NATO is the only credible long-term security guarantee Ukraine can receive against future Russian aggression, Finland’s top diplomat said on Wednesday.
Donald Trump’s return to the White House on Jan. 20 has sparked hope of a diplomatic resolution to end Moscow’s invasion but also fears in Kyiv that a quick peace could come at a high price.
Ukrainian officials including President Volodymyr Zelensky have called for strong security guarantees from partners that would prevent Russia from rearming for a new attack.
“I think in the long term the only credible security guarantee is Article 5 of the Washington Treaty — so NATO membership essentially,” Foreign Minister Elina Valtonen told Reuters in Kyiv, referring to the alliance’s collective defense clause.
“And we are supporting Ukraine’s NATO membership further down the line and hopefully not in (the) too-distant future.”
Ukraine’s leaders have aggressively pushed for an invitation to join the 32-member alliance but have met resistance from key members as the war lurches toward its three-year mark and Ukrainian troops struggle to beat back Russian advances.
Trump, who has criticized US aid to Ukraine, said on Tuesday he sympathizes with Russia’s position that Ukraine should not be part of NATO. His aides and allies see Ukrainian membership as an unnecessary provocation toward Moscow.
He also blamed outgoing Democratic President Joe Biden for allegedly changing the US position on NATO membership for Ukraine.
Valtonen, who was in Kyiv days after Finland assumed the chairmanship of the Organization for Security and Co-operation in Europe, said a Trump administration would not necessarily spell the end for Ukraine’s NATO ambitions.
“Three years ago nobody thought that Finland would be joining NATO, or Sweden for that matter,” she said. “So here we are, you never know.”
Finland, which shares a 830-mile (1,336 km) border with Russia, joined the alliance in 2023 after the Kremlin’s full-scale invasion of its smaller neighbor. Sweden joined earlier this year.

‘SAME PAGE’
Trump, who has long been critical of NATO, also called on Tuesday for European members to boost spending on alliance defense from 2 percent of their gross domestic product to 5 percent.
Valtonen, who described Finland as “very much carrying its own weight so far,” said such rhetoric could help spur European efforts to strengthen collective defense.
“We are very much on the same page with Trump on that, because I think we should do more, we can do more,” she said.
“Certainly Europe has improved massively over the course of the past years, and will continue doing so.”


Kremlin welcomes US sanctions waiver says US and Russia share interest in stable energy markets

Updated 6 sec ago
Follow

Kremlin welcomes US sanctions waiver says US and Russia share interest in stable energy markets

DUBAI: Russia sees ​a U.S. sanctions waiver on its oil as ‌an ‌attempt ​by ‌Washington ⁠to stabilise ​global energy ⁠markets, and the two countries ⁠have a shared ‌interest ‌in ​this, ‌Kremlin ‌spokesman Dmitry Peskov said on Friday.

"We see ‌actions by the United States aimed ‌at trying to stabilise energy markets. In this respect, our interests coincide," he said.

US Treasury Secretary Scott Bessent announced a temporary authorisation allowing countries around the world to purchase Russian oil currently stranded at sea on Thursday extending a measure that had previously been granted only to Indian refiners.

Bessent stressed in a post on X that the authorisation would not provide significant financial benefit to the Russian government. 

“This narrowly tailored, short-term measure applies only to oil already in transit and will not provide significant financial benefit to the Russian government, which derives the majority of its energy revenue from taxes assessed at the point of extraction,” Bessent said on a post on X. 

However, the measure received mix reviews in European capitals, with many fearing it could help replenish Russia's assualt on Ukraine. 

"I am concerned that we are further filling Putin's war chest," German Economy Minister Katherina Reiche said in Berlin on Friday.

Reiche said that she saw both sides to the United States' decision to issue ‌a 30-day ‌waiver ​for ‌the purchase ⁠of ​Russian oil ⁠products, understanding the increasing ecnomic and political turnout from the oil crisis, particurlarly in South Korea and Japan. 

"It seems to me that domestic political pressure in the United ⁠States is very, ‌very ‌high," ​Reiche said.

German ​Chancellor Friedrich Merz was more direct, saying on Friday that it was ‌wrong to ‌ease ​sanctions against ‌Russia ⁠for ​whatever reason. The sentiment was echoed by Norway’s Prime Minister, who also said sanctions should not be eased. 

Oil prices held gains above $100 Friday and most equity markets dropped after Iran's leader called for the blocking of the crucial Strait of Hormuz and the opening up of new fronts in the war against the United States and Israel.

With the conflict heading towards its third week and showing no signs of ending, investors are growing increasingly worried about an extended crisis that could fan inflation and hammer the global economy.