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MNI US Macro Weekly: Politics To The Fore
Stoltenberg: Ukraine Is Moving Closer To NATO
NATO Secretary General Jens Stoltenberg, speaking after the conclusion of a NATO defence ministers' meeting in Brussels, has indicated that "Ukraine is moving closer to NATO in practical terms," and indicated that he is "confident" that "consensus will be found," on how to "move Ukraine closer to NATO," at the July 11-12, NATO Summit in Vilnius.
- Stoltenberg: "We are working towards creating Ukraine-NATO council... in the new council Ukraine will be equal to the NATO member states."
- Stoltenberg: "When war ends we need a framework that ensures Ukraine's future security."
- Stoltenberg's comments are the most overt suggestion so far that NATO leadership is preparing to formalize an agreement for Ukraine's NATO accession after months of downplaying the prospect.
- US President Joe Biden indicated this week, after a meeting with Stoltenberg at the White House, that he is “open” to clearing the path for Ukraine’s NATO membership after the war via a Membership Action Plan but declined to provide clarity on a timeline.
- Any such agreement on Ukraine's NATO membership is likely to provoke a robust response from Russia, which may include a broader mobilisation of Russian troops to the frontline.
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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.