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    Reuters: Finnish energy ties with Russia deepen despite Ukraine crisis

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Summary

Relies on Russian piped gas, LNG import terminal shelved. Utility Fortum has 4.2 bln euro Russia investment plan

by: Sruthi

Posted in:

Press Notes

Reuters: Finnish energy ties with Russia deepen despite Ukraine crisis

Despite European Union calls for member states to curb ties with Russia over its aggression toward Ukraine, Finland looks set for closer links with Moscow in energy.

A fraught project with French-German consortium Areva-Siemens has helped prompt Finnish nuclear consortium Fennovoima to look to Russia's Rosatom for a planned reactor while Finland also aims to begin power exports to Russia next year.

The projects come at a time when the European Union has called on EU member states to suspend planned energy agreements with Russia due to its aggression toward Ukraine.
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