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Finnish Companies Seeking to Restore Trade Relations With Russia

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Lobo
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Finnish Companies Seeking to Restore Trade Relations With Russia

Post by Lobo on Sat 20 Jun 2015, 6:19 pm

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[size=40]Finnish [size=40]Companies[/size] [size=40]Seeking[/size] [size=40]to[/size] [size=40]Restore[/size] [size=40]Trade[/size] [size=40]Relations[/size] [size=40]With[/size] [size=40]Russia[/size][/size]
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© Sputnik/ Alexei Danichev

BUSINESS
19:13 20.06.2015Get short URL
Topic:
St. Petersburg International Economic Forum 2015 (38)

 059260

Finland hopes to restore its trade relations with Russia amid anti-Russian sanctions imposed by the European Union, Esko Aho, Executive Chairman of the Board of East Office of Finnish Industries, said.




© AFP 2015/ DANIEL ROLAND
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German Businesses Oppose EU Anti-Russian Sanctions at Petersburg Forum
The Finnish economy is suffering from the decline in trade operations with Russia. The volume of Finnish exports to Russia has been declining for the past two years.

The international economic forum in St. Petersburg which ends on Sunday proved that Western businesses want to keep their relations with Russia without breaching the sanctions regime. After a year-long break, many Western companies returned to the economic summit in St. Petersburg.
Foreign investors are also showing their increasing interest in the Russian market.



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© SPUTNIK/ GRIGORIY SISOEV
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Large Russia-China Investment Projects Inked at St. Petersburg Forum
In recent years, Russia and China have taken a number of significant measures to develop their trade and economic ties. Western companies realize they could lose the crucial Russian market to rival China and other Asian countries.

At the forum, Finland, Italy and Greecewere the only EU member countries that have held their own panel discussions.
"One reason is that we are experiencing some problems in our economy. We have to use the possibility for trade and develop economic cooperation with Russia," Aho said as quoted by Yle.
"At the same time we must keep to the EU rules. This means that the sanctions create some obstacles."[/size]

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