Iceland

Spooks, Mercs or Merchants over Iceland?

Anatoly Karlin / September 5, 2010

This is a reprint of a post from Arctic Progress. Back when Iceland tipped over into financial collapse during 2008 and the UK seized Icelandic banks’ assets using anti-terrorist laws as fig cover, Icelandic President Olafur Ragnar stated that Russia could make use of the Keflavik air base in return for a $5bn loan to the insolvent […]

Geopolitics, Iceland, Military, NATO, Russia

Geopolitics

Russia to Bail Out Iceland?

Anatoly Karlin / October 7, 2008

Will Russia acquire Keflavik without the need for an amphibious invasion, as in the Clancy-verse? Potentially, they could neutralize the SOSUS (a long unrealized Soviet ambition) and reinforce their position in the Arctic-Atlantic region for just 5bn $. This is compared to the 700bn $+ the US has spent in Iraq to little discernible effect.

Finance, Iceland, Military, Russia