Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

World News

Sweden to join NATO after Hungary ratification

by February 27, 2024
February 27, 2024
Sweden to join NATO after Hungary ratification

BUDAPEST/STOCKHOLM — Hungary’s parliament approved Sweden’s NATO accession on Monday, clearing the last hurdle before the historic step by the Nordic country whose neutrality lasted through two world wars and the simmering conflict of the Cold War.

Hungary’s vote ended months of delays to complete Sweden’s security policy shift and followed a visit by Swedish Prime Minister Ulf Kristersson on Friday, during which the two countries signed an arms deal.

“Sweden is leaving 200 years of neutrality and military non-alignment behind,” Mr. Kristersson told a press conference.

“We are joining NATO in order to defend what we are and everything we believe in even better. We are defending our freedom, our democracy and our values, together with others.”

Hungarian Prime Minister Viktor Orban’s government has faced pressure from NATO allies to fall in line and seal Sweden’s accession to the alliance.

“We would like to welcome Sweden alongside Finland into the NATO alliance very, very soon,” said White House spokesperson Karine Jean-Pierre.

She encouraged Hungary’s government to quickly complete the process to allow Sweden’s entry into NATO.

“Sweden’s membership will make us all stronger and safer,” NATO Secretary General Jens Stoltenberg said on X.

Stockholm abandoned its non-alignment policy for greater safety within the North Atlantic Treaty Organization after Russia’s invasion of Ukraine in 2022.

With Sweden following Finland into NATO, Russian President Vladimir Putin has in effect achieved the very thing he sought to avert when he launched his war in Ukraine — an expansion of the alliance, Western leaders have said.

“When it comes to Russia, the only thing we can expect is that they will not like that Sweden is becoming a NATO member,” Mr. Kristersson said. “What they do in addition to that, we cannot know. We are prepared for all sorts of things.”

The accession of Sweden, which has not been at war since 1814, and Finland is the most significant expansion of the alliance since it took in members from eastern Europe after the Soviet Union collapsed in 1991.

While Sweden has increased cooperation with NATO in recent decades, contributing to operations in places such as Afghanistan, its membership is set to simplify defense planning and cooperation on the alliance’s northern flank.

“NATO gains a member that is serious and capable and it removes a factor of uncertainty in Northern Europe,” said Robert Dalsjo, senior analyst at the Swedish Defense Research Agency, a government think tank.  “Sweden gains security in a crowd … supported by American nuclear deterrence.”

Sweden also brings resources such as cutting-edge submarines tailored to Baltic Sea conditions and a sizable fleet of domestically produced Gripen fighter jets into the alliance. It is increasing military spending and should reach NATO’s threshold of 2% of gross domestic product this year. 

LONG ROAD TO RATIFICATION
Russia’s invasion of Ukraine fuelled support in Sweden for joining NATO, especially as neighboring Finland quickly moved to join.

“It’s been a long journey,” Josefine Wallbom, 23, a political science student, said in Stockholm. “Me and everyone else was maybe a bit skeptical in the beginning, but now I feel like it’s the right decision.”

Finland joined NATO last year. Sweden was kept waiting as Turkey and Hungary, which maintain better relations with Russia than other members of the US-led alliance, raised objections.

Turkey delayed ratification of Sweden’s membership, demanding tougher action against militants from the Kurdistan Workers’ party (PKK) it said had made a home in Sweden.

Sweden changed its laws and relaxed rules over arms sales to assuage Turkey. President Tayyip Erdogan also linked ratification with US approval of sales of F-16 fighter jets to Turkey, with Ankara now expecting the United States to work on securing the US Congress’ endorsement.

Hungary’s foot-dragging was less clear in nature, with Budapest mostly venting its annoyance over Swedish criticism of the direction of democracy under nationalist premier Orban rather than any concrete demands.

The Hungarian ratification, backed by a large majority of lawmakers, will now be signed by the country’s speaker of parliament and president within a few days. After that, the remaining formalities, such as depositing accession documentation in Washington, are likely to be concluded swiftly. — Reuters

previous post
New Zealand scraps world-first ban on tobacco sales for future generations
next post
Biden hopes for ceasefire in days as Israelis, Hamas take part in Qatar talks

Related Posts

Deadly heatwave in West Africa warns of climate...

April 18, 2024

Sprawling queues for subsidized rice highlight plight of...

February 28, 2024

Australian farmers rip out millions of vines amid...

March 10, 2024

Leap year software glitch closes fuel pumps across...

February 29, 2024

Toyota agrees to biggest wage hike in 25...

March 13, 2024

Swiss industry leans on central bank to grant...

March 18, 2024

Russia says new South Korean sanctions are ‘unfriendly,’...

April 4, 2024

Boeing to make design changes to prevent future...

August 7, 2024

IMF board okays $880 million loan payment for...

March 22, 2024

UK will change law to ban foreign states...

March 14, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • ‘Failure’s not an option’: Trump budget bill will be ‘big’ help for seniors, top House tax-writer says

      May 17, 2025
    • Middle East trip highlights President Donald Trump’s 17th week in office

      May 17, 2025
    • JONATHAN TURLEY: Biden not the only loser revealed by shocking Hur audio

      May 17, 2025
    • HHS SEC ROBERT F KENNEDY JR: American patients pay more so others can pay less — that stops now

      May 17, 2025
    • Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

      May 17, 2025
    • Biden jokes ‘I’m a young man’ during interview with Special Counsel Robert Hur

      May 17, 2025

    Categories

    • Business (1,217)
    • Politics (5,586)
    • Stocks (904)
    • World News (455)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved