MOSCOW: Despite the fall, Finland remains an important trade partner for Russia, the deputy prime minister stressed. “Between January and September 2016, the volume of trade between Russia and Finland came to around $6.2 billion, falling 20 percent compared to the same period last year. The main reason for this is the fall in oil prices,” Kozak said during a meeting of the Russian-Finnish Intergovernmental Commission for Economic Cooperation.
The Finnish delegation at the meeting was headed by Minister for Foreign Trade and Development Kai Mykkanen, while Kozak headed the Russian side. “Finland is one of Russia’s main trade partners and is in 15th place in the list of countries by trade volume,” he said. Finnish investments in Russia amount to 14 billion euro (almost $15 billion), Kozak said, citing expert assessments.
“Finnish investments in Russia reached $7 billion in the first quarter of 2016, while Russia’s investment in Finland amounted to $2.6 billion. According to expert estimates,…. Finnish investments in Russia amount to 14 billion euro,” Kozak said during a meeting of the Finnish-Russian Intergovernmental Commission for Economic Cooperation in Moscow. Kozak added that Finnish companies continued active work and business development in Russia in spite of the present-day challenges.
