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Annual report by the Välisluureamet / Estonian Foreign Intelligence Service is always a must read, but what struck me most in this edition was this passage right in the foreword: 1/6

"There is, however, no cause for panic. In the Estonian Foreign Intelligence Service’s assessment, Russia has no intention of militarily attacking Estonia or any other NATO member state in the coming year. ... 2/6

...We are likely to reach a similar assessment next year because Estonia and Europe have taken steps that compel the Kremlin to calculate very carefully what, if anything, it can risk attempting. " 3/6

Estonia is the very definition of NATO's eastern flank and perhaps country that is most exposed to any potential Russian aggression against NATO, and hence could have many political reasons to drum up the threat. 4/6

Not overhyping scenarios and providing cool-headed analysis is a testament to how professional and capable EFIS is. Many private and public sector intel/analysis organisation should take notes. PS Cover of this year's edition goes really hard ;) 5/6