Relations With Russia To Remain Fraught

The passage of legislation in Estonia on June 6 by a wide majority, which requires the country's main natural gas company to unbundle transportation infrastructure, further affirms our view for tensions between the Baltic states and Russia to remain a key theme of this decade. While we do not expect this issue to exacerbate tensions between Estonia and Russia, we continue to expect relations between the two nations to remain strained over our forecast period.

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