Finland to invest about 20 mln EUR in projects realized in the neighboring Russian areas

Finland is to invest about 20 mln EUR in projects realized in the neighboring Russian areas, in particular, St. Petersburg, Leningrad, Murmansk, Arkhangelsk regions, and Karelia.

According to Paavo Väyrynen, Minister for Foreign Trade and Development of Finland, the most perspective fields of cooperation are logistics, education and timber industry, including participation of Finland in the Russian programmes on development of timber roads and optimization of the forest legislation.

Currently total volume of the Finnish investments in the Russian economy amounts to 6 bln EUR.