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The influence of political factors on
Russian-Finnish economic relations
Dr. Valery A. Shlyamin,
Trade representative of Russia in Finland
Savonlinna,
30.07.2015
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SUCCESSFUL BILATERAL PROJECTS
Ore-dressing complex in
Kostomuksha
(1977-1985)
Nuclear power plant in
Loviisa
(1971-1980)
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SUCCESSFUL BILATERAL PROJECTS
Svetogorsk
pulp and paper mill
(1972-1990)
Deep-diving
submersible «Mir»
(1985-1987)
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10%
Real GDP growth rate
in 2005-2015 (%)
30
Total investments,
% to GDP
25
5%
20
0%
2005
2007
2009
2011
2013
2015*
15
-5%
10
2005
-10%
Russia
Finland
EU
2007
2009
Finland
* - forecast
Source: IMF, Ministry of Finance of Finland, Ministry of Economic Development of Russia
2011
Russia
2013
2015*
EU
Russian-Finnish trade in goods
20
16,8
18,9
17,0
Bln. USD
18,7
16,0
15
5,4
5,7
13,1
5,0
4,6
4,6
11,3
4,0
10
5
2,9
7,2
12,2
13,2
12,0
13,3
1,9
11,4
9,2
8,4
4,2
0,9
5,3
3,3
0
2009
2010
2011
2012
2013
Exports of goods from Russia to Finland
2014
2015*
JanMay
2014
JanMay
2015
Imports of goods from Finland to Russia
* - estimate by the Trade representation of Russia in Finland
Source: Federal Customs Service, 2015
5
Russian foreign trade growth rate (2005=100%)
USA
EU
Finland
Source: Federal Customs Service, 2015
6
Russian foreign trade in
August 2014 – May 2015
with Finland
Exports to Russia – down by 36.7%
Share in the Russian imports – down by 0.2 p.p. (from 2.1% to 1.9%)
with EU
Exports to Russia – down by 31.1%
Share in the Russian imports – down by 2.9 p.p. (from 42.5% to 39.6%)
with USA
Exports to Russia – down by 20.7%
Share in the Russian imports – up by 0.5 p.p. (from 5.9% to 6.4%)
Source: Federal Customs Service, 2015
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Perspective directions and projects of the
Russian-Finnish economic cooperation
Arctic technologies including special
shipbuilding
e.g. Construction of ice-class vessels at the Helsinki
Ship Yard under Russian and Finnish orders
Energy, energy efficiency and
cleantech
e.g. Nuclear power station project
Hanhikivi-1 by Rosatom
Bio-Medical sphere, ICT, Photonics,
Biotechnologies
There are a number of joint initiatives
e.g. Joint development and construction of
robots and there components, including
surgery robot complex
«EuroRussia» Forum – perspective project of the
Russian-Finnish state-private partnership
Finnish Ministry
for Foreign Affairs;
Finnish Officials
EuroRussia Forum
Secretariat
Office of the Representative
of the President in the
North-West Federal District ;
Russian Officials
ALAKURTTI
Technological park
”Nature”
enterprise network
Ladoga region
technological park
Svetogorsk-Imatra
Technological park
Vyborg
enterprise network
Banks
Insurance companies
Funds
Yanino
logistics center
Banks
Insurance companies
Funds
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Thank you for attention!
www.rusfintrade.ru
www.facebook.com/rusfintrade
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