First, the current situation of the economic relations between Finland and Russia is described. Then the effects of future changes in Russia and its consequences for foreign relations are analysed. Key institutional changes under consideration are the enlargement of the EU, Russias likely...

Russia prices its energy commodities domestically much lower than the prices prevailing in the international market. Using a general equilibrium framework, we analyse reasons for why Russia should or should not use such a price regulation. First, being a major exporter of energy commodities and...

We examine the significance of Russian markets for Finnish business. After analysing Russia’s economic structures we evaluate and use econometrics to explain the development of Finnish exports there. If all re-exports are removed from export statistics, Russia’s share in Finnish goods...

We analyse the implications of free trade between the EU25 and Russia using GTAP, a computable general equilibrium model. We review the sectoral effects by countries and make a tentative assessment of the impact on the regions in Northwest Russia. Free trade on its own would have a negative...