Washington DC, Oct. 10 -- The United States and Finland struck a deal on Thursday (local time) to build 11 icebreakers - four in Finland, seven in the United States as US ups its stakes in the Arctic Circle. The parties of the deal include Finnish companies, known for their arctic expertise and the United States Coast Guard.

Finnish President Alexander Stubb highlighted the growing strategic importance of the Arctic and said that the cooperation would benefit both the countries. He also mentioned that Finland and Europe are keen to continue their dialogue with the United States for their support towards Ukraine.

The signing of a Memorandum of Understanding (MoU) between Helsinki and Washington came during the Finnish President and Prime...