Russian companies have repaid loans worth hundreds of millions of euros to Finland’s state-owned private financial institution Finnvera. This was reported by Yle.
Pauli Heikkilä, CEO of the Finnvera organization, talked about the details. The company was providing loans to major Russian projects related to the shipbuilding and forestry industries.
“Liabilities were quite significant: around 1 billion at the end of 2021. “By the end of 2022, this amount fell to 420 million euros, leaving less than 100 million euros at the end of last year,” he said.
He added that the debt payment was successful.
A short while ago reportedHe said that the Finnish authorities are preparing amendments to the legislation, thanks to which it will be possible to simplify the procedure for confiscating housing of citizens of the Russian Federation who are unable to pay bills.
According to the news of Yle TV channel, approximately 1 thousand housing cooperatives in Southeastern and Eastern Finland experienced difficulties due to the debts of Russian shareholders.
Previously reportedIt was learned that a holiday resort in Finland went bankrupt due to the lack of Russian tourists.