The report, released on October 11, was commissioned by the Prime Minister’s office in Finland in spring 2022. The study was led by the Arctic Centre at the University of Lapland and involved Gaia Consulting Oy and the Finnish Institute of International Affairs. Among the issues the team was askedContinue Reading
The war in Ukraine is putting a half-a-billion euro dent in the budget. Finance Minister Annika Saarikko (Cen) on Saturday said the war in Ukraine is impacting Finland’s public finances. And mutual sanctions are hurting Finnish economy. “The fiscal framework agreed last spring will be respected in all areas otherContinue Reading
Russia’s operation in Ukraine and the resulting sanctions on Russia are impacting businesses in Finland, according to a survey by the Finland Chamber of Commerce. The majority of the companies polled—62 percent—said that the ongoing crisis has hampered their operations. However, only a fifth of respondents expect a decline inContinue Reading
In the latest of a series of interviews on possible Nato membership, the president seemed to suggest that the benefits would outweigh the downsides. President Sauli Niinistö says it is clear that possible Finnish membership in Nato would permanently increase tensions with Russia along the two countries’ border. Interviewed onContinue Reading
European leaders have agreed to tighten the existing sanctions against Russia after war in Ukraine, Lithuanian President Gitanas Nauseda says, adding, however, that some EU member states are not yet ready to stop imports of Russian resources. “Yes, we have to admit that some countries are not yet ready toContinue Reading
According to the economic affairs minister, Finns must brace themselves for wartime pricing. People in Finland must be prepared for wartime pricing of products and services, Minister of Economic Affairs Mika Lintilä (Cen) said in an Yle interview on Saturday. He warned that the price tag for a standard basketContinue Reading
The Latvian Union of Farmers and Greens (UGF) has announced that it distances itself from its former candidate for the post of the Latvian prime minister, notorious ex-mayor of Ventspils Aivars Lembergs after he voiced his views on Russia’s war against Ukraine days after leaving detention on bail. A representativeContinue Reading
The situation is becoming increasingly tense on Ukraine’s eastern border. While Ukraine claims Russia has consciously put a strain on the eastern part of the country and troop movements have given rise to rumors of the war picking up again, the Kremlin’s goals remain unclear for the time being. ChairmanContinue Reading