Baltics

Russia and Ukraine exchanged heavy strikes, raising concerns about escalation and potential strain on oil supplies. NATO's military chief warned that Russia would face significant consequences if it attacked the Baltics.

Escalations in Iran and Ukraine are increasing global volatility. The US-Iran ceasefire has deteriorated, with an Iranian attack in Jordan killing two US soldiers, and Russia launched a large missile attack against Ukraine while Kyiv targeted Russian logistics hubs. A dissident warned that Russian President Vladimir Putin is likely to further escalate the conflict.

Putin, now losing in Ukraine, may resort to a desperate gamble in the Baltics. The article suggests he might take a risky move to extricate himself from the unwinnable war.

Maxima, the largest supermarket in the Baltics, plans to return to the bond market. The company operates in Riga, Latvia.