Ukraine Latest: Finland Joins NATO; US Provides More Weapons Aid

Bloomberg News
·7 min read
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(Bloomberg) -- Finland officially joined the North Atlantic Treaty Organization on Tuesday, becoming the defense alliance’s 31st member. The Kremlin called it another “aggravation” of relations.

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The US announced $2.6 billion in additional military aid to Ukraine, with the Defense Department saying the US will “continue to work with its allies and partners to provide Ukraine with capabilities to meet its immediate battlefield needs and longer-term security assistance requirements.”

French President Emmanuel Macron and European Commission President Ursula von der Leyen will travel to China, where they’ll try to persuade Chinese President Xi Jinping to change his stance on Russia’s war.

Key Developments

  • Finland Joins NATO as Defense Alliance Expands Northward

  • Xi Courts Macron in Bid to Drive Wedge Between Europe and US

  • Russian Who Fled House Arrest in Italy Says He Is Now in Russia

  • Finland Unlikely to Get NATO Battle Group on Its Territory

  • UK Drops Part of Probe Into Sanctioned Russian Billionaire

(All times CET)

Ukraine Says Russia Bombed a Village in the North (9:03 p.m.)

A village in Ukraine’s northern Chernihiv region was hit by bombs launched from Russia’s airplanes, according to local military authorities.

Strikes were delivered from two Sukhoi Su-35 planes, Ukraine’s Operational Command North said in a statement on Facebook.

While a residential building and surrounding premises in the village were set on fire in the wake of bombardment, there was no information about casualties.

Finland Is Unlikely to Get NATO Battle Group on Its Territory (7:08 p.m.)

Given Finland’s extensive capabilities and practice defending its own territory, it’s unlikely at least for now that NATO will replicate defense structures on the rest of the eastern flank by stationing allied battle groups in the nation, according to officials familiar with the issue.

There are currently no plans to deploy a NATO battle group to Finland, a NATO official said, adding that NATO’s supreme allied commander constantly assesses threats and could make that recommendation if deemed necessary. A senior US official also said Americans didn’t expect to see a battle group in Finland and that the country hasn’t made such a request as it joined the NATO alliance.

Ukraine Military Chief Calls Front Line ‘Tough’ But Controlled (7:02 p.m.)

Ukraine’s Commander-in-Chief Valeriy Zaluzhnyi told his US counterpart that the situation on the front line against Russia is “tough” but “nevertheless controlled.”

In a phone call with General Mark Milley, the head of the US Joint Chiefs of Staff, Zaluzhnyi emphasized the need to augment Ukraine’s air defense system, he said on Telegram.

US Announces $2.6 Billion More in Weapons Aid to Ukraine (5:37 p.m.)

The latest package includes $500 million drawn from existing US inventories, including more ammunition for US-provided High Mobility Artillery Rocket Systems (HIMARS), air-defense interceptors and artillery rounds.

The remaining $2.1 billion will be produced and provided over the longer term under the Ukraine Security Assistance Initiative, including air-defense capabilities, artillery and tank ammunition, mortar systems, rockets and anti-armor systems, according to a statement from the Pentagon.

Turkey Guzzling Russian Diesel That Europe Can’t Buy (4:20 p.m.)

Turkey is loading up on millions of barrels of diesel from Russia that European Union countries can no longer buy.

Shipments of diesel-type fuel into Turkey from Russia last month soared to the highest in at least seven years, Vortexa Ltd. data compiled by Bloomberg show. That follows sanctions in early February that stop EU nations from purchasing seaborne imports of Russian fuel in response to the invasion of Ukraine.

Russia Looks to Fleeing Foreign Firms to Boost Budget (4:10 p.m.)

The Kremlin is giving foreign companies a way out of Russia at a price, to help bolster the state budget amid surging wartime expenditure.

Businesses seeking to sell their Russian assets now face a mandatory contribution to the budget even if they offload them for a symbolic sum or even zero. That’s because under the rules introduced last week a donation equal to at least 10% of the market value of a company must be paid if the seller offers it at a discount of 90% or more.

Record Russian LNG Volumes Via Belgium (4 p.m.)

Belgium imported record volumes of Russian LNG in March, highlighting Europe’s dependency on the fuel even as the region seeks to curb energy flows that fund Moscow’s war machine.

Imports of liquefied natural gas from the Yamal LNG plant in the Arctic into Belgium’s Zeebrugge terminal rose by 11% from the previous month, ship-tracking data on Bloomberg show.

Biden Calls on Turkey, Hungary to Approve Swedish Bid (3:40 p.m.)

Turkey and Hungary should ratify Sweden’s NATO accession “without delay,” US President Joe Biden said after Finland’s membership in the alliance was formalized.

“When Putin launched his brutal war of aggression against the people of Ukraine, he thought he could divide Europe and NATO. He was wrong,” Biden said in a statement. “Today, we are more united than ever.”

As its first act as a NATO member, Finland submitted its ratification of Sweden’s membership to Blinken.

How Russia Pushed Finland and Sweden Toward NATO: QuickTake

Kremlin Blasts Finland NATO Accession, Vows Response (2:10 p.m.)

The Kremlin branded Finland’s accession to NATO as yet another “aggravation” of the standoff between Russia and the West.

“NATO expansion is an encroachment on our security and the interests of the Russian Federation. That is how we perceive it. We will take countermeasures,” Kremlin spokesman Dmitry Peskov said, according to the Tass state news service.

Russia will carefully monitor the actions of NATO in Finland and will respond accordingly, Peskov added.

Sweden Lauds Finland’s NATO Membership While Pressing Own Case (1:30 p.m.)

Finland’s membership in NATO is good for Sweden, even as Stockholm presses to overcome Turkey’s resistance to approving its accession, Swedish Foreign Minister Tobias Billstrom told reporters in Brussels.

“We would like to join NATO as well, that’s no secret, but it’s going to be beneficial for the security of Sweden and Finland as well that Finland now becomes a member,” Billstrom said. “It’s of the utmost importance that Sweden now becomes a member.”

Finland’s Accession Will Strengthen NATO, Stoltenberg Says (12 p.m.)

Finland’s accession to NATO will make both the Nordic country and the military alliance safer, NATO Secretary General Jens Stoltenberg told reporters ahead of a ceremony to mark its official membership.

Despite its 1000 kilometer (621 miles)-long border with Russia, Finland and NATO will become safer because the country joins “an alliance where we guarantee the security of all allies,” removing room for Moscow to miscalculate about allies’ readiness to protect Finland, he said.

“That makes Finland safer and NATO stronger,” Stoltenberg added. Finland is due to become NATO’s 31st member later today after final paperwork is completed. Its flag will join those of its 30 allies outside NATO headquarters.

Russia’s UN Envoy Opens UN Term With No Apologies (9:08 a.m.)

Vasily Nebenzya, Russia’s UN ambassador, shrugged off questions about his country’s fitness to take the rotating presidency of the Security Council for this month even as it continues its invasion of Ukraine.

“The order of the presidency is well-defined,” Nebenzya told reporters Monday. He made it clear that Russia will use the opportunity to promote its defense of the war, with an appearance at the world body by Foreign Minister Sergei Lavrov later in the month and a session to “dispel some misconceptions and propaganda” over its policy on “evacuating children from crisis zones.” The International Criminal Court has issued an arrest warrant for Russian President Vladimir Putin for war crimes concerning the alleged abduction of children from Ukraine.

US Ambassador Linda Thomas-Greenfield described the Russian presidency of the council as “an April Fools’ joke.”

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