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Far from being reduced in importance, operations of the Red-Banner Baltic Fleet during the early-Cold War period earned it a great amount of prestige and profile, with the second awarding of the Order of Red Banner being presented on 7 May 1965 when the Fleet was again renamed to Twice Red-Banner Baltic Fleet.
Although the Soviet Union poured resources into building up the Northern Fleet and the Pacific Fleet, both of which had easy access to the open ocean, the Twice Red-Banner Baltic Fleet assumed the very important position of supporting the northern flank of the European Theatre in case of a confrontation with NATO.
This role was under-rated from the blue water navies perspective, but was seen as a highly valuable one from the strategic perspective of the Soviet General Staff planning.
The Twice Red-Banner Baltic Fleet remained a powerful force, which in the event of war was tasked with conducting amphibious assaults against the coast of Denmark and Germany, in cooperation with allied Polish and East German naval forces.

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