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6.11.2023 | The Russian salvage vessel Spasatel KarevKarev began to repair Rostelecom’s Baltika telecommunications cable in the Gulf of Finland on 6 November. The company has negotiated with the Ministry of Economic Affairs and Employment concerning the repair of the faulty cable, which is partly located in Finland’s exclusive economic zone.https://valtioneuvosto.fi/en/-/1410877/russia-starts-repairs-of-its-baltika-data-cable-in-the-gulf-of-finland
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7.10.2022 | On 6 October 2022, the European Union imposed new sanctions on Russia in response to Russia’s invasion of Ukraine. The eight package of sanctions will ban transport of Russian oil that exceed a pre-established price cap and add new import and export bans.https://valtioneuvosto.fi/en/-/eu-s-new-sanctions-ban-some-oil-transport-add-export-and-import-bans-and-tackle-circumvention
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14.9.2021 | The wholly state-owned special assignment company Solidium Oy owns 6.3% of the shares and 8.0% of the voting rights of the steel company SSAB AB. At its meeting on 14 September 2021, the Ministerial Committee on Economic Policy supported the transfer of the SSAB shares from Solidium Oy to direct state ownership, as well as the definition of the State’s strategic interest related to SSAB ownersh...https://valtioneuvosto.fi/en/-/finnish-government-to-transfer-ssab-shares-from-solidium-to-direct-ownership-under-the-prime-minister-s-office
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4.8.2023 | Before Russia's invasion of Ukraine in February 2022, approximately one third of the energy used in Finland was imported from Russia. That share was reduced almost to zero in a few months, and the energy war launched by Russia increased consumer prices remarkably. As the energy markets have changed, it is the time to look how Russian energy was replaced and what more permanent effects trade changes will have.https://valtioneuvosto.fi/en/-/1410877/investments-and-the-western-market-replaced-russian-energy-prices-reflect-the-new-reality