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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWEDEN
In an interview with the FT following Sweden's formal accession to NATO, PM Ulf Kristersson states that "...bolstering Gotland, an island viewed by defence experts and military officials as the most strategic location in the Baltic Sea, would be in the first slew of items to discuss with Nato partners." In the immediate aftermath of the Russian invasion of Ukraine in early 2022, the gov't of then-PM Magdalena Andersson committed to boostingmilitary spending in relation to Gotland, with an additional SEK1.6bn (USD163mn) set aside.
- Kristersson: “There are quite a few things in terms of how to deploy our resources, where to focus the most. And obviously everything to do with the Baltic Sea is such an obvious candidate...That goes in terms of presence on Gotland, but also in terms of surveillance, in terms of submarine capabilities.”
- Estonia, Latvia and Lithuania have pushed for a greater Swedish military presence on Gotland, where in the late 1990s 25k troops were stationed compared to 370 now. In the event of any Russian military assault on the Baltics, Gotland would prove a launchpad for support, avoiding the Suwalki gap, the only land link between the Baltics and another NATO state.
- The 2024 budget put Sweden's military spending at SEK27bn (USD2.44bn), equivalent to 2.1% of GDP. Given Sweden's strategically important location and its possession of the fifth-largest navy in the world there is likely to be sustained calls on the Swedish Treasury to continue to boost defence spending in the years ahead, pressuring the state budget.
Map of Baltic Sea
Source: FT
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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