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All Finland exports to Russia down this year

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Customs data show a significant decline in exports to Russia from all sectors in Finland during the first five months of the year. Worst effected were exports of foodstuffs and oil products, which fell by 78 percent and 42 percent respectively.

Exports of metal products meanwhile were down 29 percent, while the figure for forestry products was 27 percent. Machines, equipment and vehicle exports fell by 38 percent and chemicals by 15 percent.

Part of the reason for the declining trade relationship has been the EU-wide trade embargo against Russia over its role in the crisis in Ukraine. Russia has also imposed its own counter-sanctions and banned the import of certain goods from the EU into Russia.