New sanctions on Russia would be a blow to Eastern Finland
Traffic on the border between Finland and Russia would decrease substantially, if the European Union decides to go ahead with its next phase of sanctions against Russia. MTV3 on Tuesday reported that the European Union is mulling over suspending its so-called cross-border programmes with Russia for the next seven years. The suspension, it highlighted, could cost Finland up to 200 million euros in lost subsidies due to the country's involvement in three EU-funded cross-border programmes.
A spokesperson at the Prime Minister's Office emphasised to Helsingin Sanomat that the quoted losses represent the worst-case scenario – the suspension of all cross-border programmes. The European Union, the spokesperson reminded, has yet to take a decision on the sanctions.