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WASHINGTON, Dec 8 (Reuters) - U.S. Secretary of State Antony Blinken on Thursday said he is convinced the United States will be able to call Sweden and Finland NATO allies soon and said Turkey's concerns about the two nations joining the alliance are being addressed. And it's not going to turn into one," Blinken said, adding that Finland and Sweden have had a productive process working with Turkey to address concerns and concrete steps have been taken. NATO makes its decisions by consensus, meaning that the two Nordic nations require the approval of all 30 alliance member states. Finnish Foreign Minister Pekka Haavisto said Finland hoped to finalize the process of NATO membership soon. Swedish Foreign Minister Tobias Billström said the NATO accession process was "progressing well."

☆ Why isn't Ukraine already in NATO? Here's what it takes to join the 30-country alliance
▼ + stars: | 2022-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

Ukraine's pursuit of NATO membership has been cited as a key factor in Russia's invasion. Ukrainian President Volodymyr Zelensky has long been vocal about his country's desire to secure both NATO membership and additional assistance. "So there were some formal reasons why the Alliance could say that Ukraine was not ready yet to join the Alliance." Will Finland and Sweden join NATO? Both countries submitted official letters of application to join NATO in May 2022 and were formally invited to join the alliance in June.

A farmer spreads nitrogen fertilizer in his wheat field in Blecourt, France, May 27, 2021. Russia, under financial sanctions, is a major producer of fertilizer and natural gas, key in making nitrogen products to boost yields of corn and other crops. Since Russia's February invasion of Ukraine, Europe started weaning itself off Russian natural gas and a pipeline transporting ammonia from Russia to a Ukraine port shut down. European countries typically buy most of their imported urea, a form of nitrogen fertilizer, from North Africa, but are now purchasing it further afield, Wallace said. EU nitrogen prices eased in mid-October as some European plants resumed production due to softening natural gas prices, he said.

☆ Turkey's Erdogan to meet Swedish PM Kristersson to discuss extraditions, NATO bid
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

Sputnik/Vyacheslav Prokofyev/Pool via REUTERSISTANBUL, Oct 21 (Reuters) - Turkish President Tayyip Erdogan has said he will meet Sweden's new prime minister, Ulf Kristersson, to discuss Stockholm's bid to join NATO as well as the extradition of people Ankara considers terrorists. Sweden and fellow Nordic country Finland launched their bids to join NATO in May in response to Russia's invasion of Ukraine, but they ran into objections from Turkey. Register now for FREE unlimited access to Reuters.com RegisterErdogan said Kristersson, who took office on Monday, sided with the fight againt terrorism, Turkish broadcaster NTV reported. Erdogan has said Turkey's parliament would not approve the Nordic countries' NATO bids if they do not extradite the people Ankara has requested. Sweden has taken "concrete action" to address Turkey's concerns over its NATO membership bid, Stockholm told Ankara in a letter dated Oct. 6 and seen by Reuters.

While the revenue of both companies beat expectations thanks to the rollout of 5G, delayed royalty payments meant their core profit missed analysts' expectations. Shares in Ericsson slumped 12% and were the worst performers in the STOXX 600 (.STOXX) while Nokia shares fell almost 5% to be among the worst. Companies such as Ericsson charge $2.50 to $5 for every 5G handset they sell and come under pressure when negotiating new contracts. Ericsson's quarterly royalty revenue fell 1.1 billion Swedish crowns ($98.24 million) as it battled companies such as Apple (AAPL.O) over patents. Nokia's patent revenue was down by 62 million euros ($60.67 million), mainly due to a dispute with Oppo and Vivo.

☆ Nokia quarterly operating profit lags expectation as margin drops
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

STOCKHOLM, Oct 20 (Reuters) - Nokia (NOKIA.HE) on Thursday reported quarterly operating profit below market expectations even as the Finnish telecom equipment maker continues to benefit from strong demand from phone companies as they roll out 5G. Third-quarter comparable operating profit rose to 658 million euros ($643.3 million) from 633 million last year, lagging the 690.6 million euro mean forecast of 10 analysts polled by Refinitiv. Net sales grew 6% in constant currency in the quarter compared to the same period a year ago to 6.24 billion euros, beating estimates of 6.06 billion. But the comparable operating margin fell year-on-year to 10.5% from 11.7% as improving profitability in Mobile Networks and Network Infrastructure was offset by timing effects of contract renewals in Nokia Technologies, the company said. ($1 = 1.0229 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Supantha Mukherjee in Stockholm and Stine Jacobsen in Copenhagen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Finland will shut border to Russian tourists from midnight
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

HELSINKI, Sept 29 (Reuters) - Finland will close its border to Russian tourists from midnight local time (2100 GMT), which is expected to lead to a significant drop in cross-border traffic, the government said on Thursday. The inflow of Russians is now seen as endangering Finland's international relations, Foreign Minister Pekka Haavisto told a news conference. Entry for family visits, as well as for work and studies, will still be permitted, he added. The Finnish government, wary of being a transit nation into western Europe's passport-free Schengen zone, on Friday said it planned to halt tourism from Russia and that a decision would be finalised in the days that followed. Register now for FREE unlimited access to Reuters.com RegisterReporting by Anne Kauranen, writing by Terje Solsvik, editing by Gwladys FoucheOur Standards: The Thomson Reuters Trust Principles.

☆ 'I am leaving Russia': young men flee draft, Finland to restrict entry
▼ + stars: | 2022-09-23 | by ( Essi Lehto | ) www.reuters.com time to read: +4 min

Cars queue to enter Finland from Russia at Finland's most southern crossing point Vaalimaa, around three hour drive from Saint Petersburg, in Vaalimaa, Finland September 23, 2022. Two days later, he was crossing the border into Finland. I am just for freedom, Russia (free) from Putin, democracy in Russia," he said, breaking into tears. Nikita was one of a dozen young men Reuters spoke to at the Vaalimaa border crossing in southeastern Finland, their number growing in the days since Putin announced the call-up of 300,000 military reservists. Traffic into Finland over its border with Russia was heavy on Friday.

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