Sweden calls off hunt for submarine

By bne IntelliNews October 24, 2014

bne -

 

Sweden has called off the search for a suspected submarine vessel in waters near Stockholm, after reports and photos from locals triggered fears of activity by a foreign, probably Russian, submarine or other underwater vehicle.

"At eight o'clock on Friday morning the main part of the marine intelligence operation carried out in the archipelago since last Friday ended," according to a statement by the Swedish military, reported by Swedish television network SVT and The Local.

The combined forces of Sweden's military had been searching for the suspected submarine off the coast of Stockholm for a week, in a story that had gripped the world's media, with the most likely suspect country of origin of the alleged intruding vessel believed to be Russia.

Sweden deployed battleships, minesweepers, helicopters and more than 200 troops to scour the coastal waters of the Stockholm archipelago, following reports of what was called a "man-made object" in the waters, but to no avail.

Russia suggested a Netherlands submarine had triggered the submarine hunt, a claim rejected by the Netherlands.

The episode focused attention on the low level of Swedish military spending, the country's lack of anti-submarine helicopters, and possible accession to Nato.

Estonia accused a Russian jet of intruding into its airspace October 23, in another episode pointing to tensions between Russia and the West over the Ukraine crisis spilling over into the Baltic region. 

Related Articles

Drum rolls in the great disappearing act of Russia's banks

Jason Corcoran in Moscow - Russian banks are disappearing at the fastest rate ever as the country's deepening recession makes it easier for the central bank to expose money laundering, dodgy lending ... more

Kremlin: No evidence in Olympic doping allegations against Russia

bne IntelliNews - The Kremlin supported by national sports authorities has brushed aside "groundless" allegations of a mass doping scam involving Russian athletes after the World Anti-Doping Agency ... more

PROFILE: Day of reckoning comes for eccentric owner of Russian bank Uralsib

Jason Corcoran in Moscow - Revelations and mysticism may have been the stock-in-trade of Nikolai Tsvetkov’s management style, but ultimately they didn’t help him to hold on to his ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss