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In page Baltic Sea:

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In the eighteenth century, Russia and Prussia became the leading powers over the sea. Sweden's defeat in the Great Northern War brought Russia to the eastern coast. Russia became and remained a dominating power in the Baltic. Russia's Peter the Great saw the strategic importance of the Baltic and decided to found his new capital, Saint Petersburg, at the mouth of the Neva river at the east end of the Gulf of Finland. There was much trading not just within the Baltic region but also with the North Sea region, especially eastern England and the Netherlands: their fleets needed the Baltic timber, tar, flax, and hemp.[citation needed]