News

Monday's papers: Nearby drone strikes, sanction skipping suspicions, and Finland braces for more cuts

Russia's largest oil port on the Baltic Sea has come under attack, just 50 kilometres from Finland's border.

People in the street.
Finns will head to the polls next spring. Image: Jani Aarnio / Yle

A drone strike has hit Russian territory around 50 kilometres from Finland's border, reports Ilta-Sanomat.

Russia's largest oil port on the Baltic Sea has come under attack. According to Reuters, the governor of the Leningrad region said that a fuel tank at the port of Primorsk caught fire in the early hours of Monday following a drone strike.

The port lies less than 50 kilometres from the Finnish border.

Sanctions circumvention

A Finnish company is suspected of exporting 17 million euros' worth of sanctioned goods to Russia, according to Helsingin Sanomat.

Finnish Customs reports that a firm based in Lappeenranta allegedly shipped more than 160 trucks and trailers to Russia, despite declaring Kazakhstan or Turkey as the final destination.

The company's owner was detained last week.

The suspected offence forms part of a broader international scheme. Customs found that a total of 558 trucks and 45 trailers, worth 79 million euros, were exported to Russia via Finland from 12 EU countries.

Finland's tough choices

With parliamentary elections a year away, the next government faces difficult choices, regardless of their party affiliation.

Parliamentary groups found that Finland will need to save an estimated 8–11 billion euros by the end of the next governmental term. This is substantially larger than the roughly five billion euros in spending cuts and tax hikes implemented by the current administration, led by PM Petteri Orpo (NCP).

Newspaper Ilta-Sanomat asked three experts what could be in store.

Three prominent economists have put forward a menu of politically sensitive reforms.

Aki Kangasharju of the Research Institute of the Finnish Economy (Etla), Mika Maliranta of Labore, and Essi Eerola of the Bank of Finland highlighted possible reforms such as trimming pensions, introducing tuition fees in higher education and withdrawing child benefits from high-income households.