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Unlike in most European countries, the president of Finland holds executive power in formulating foreign and security policy, particularly when dealing with countries outside the European Union like the United States, Russia and China. “Clearly, the main task of the president is to steer foreign policy,” said Teivo Teivainen, professor of world politics at the University of Helsinki. Finland became the Western military alliance’s 31st member in April last year, much to the annoyance of Russia and President Vladimir Putin. Under the Finnish Constitution, the president decides on foreign and security policy issues together with the government. Late last year, Finland closed its border with Russia after some 1,300 migrants without proper documentation or visas arrived across the frontier just months after Finland joined NATO.

Persons: ”, Teivo Teivainen, —, Sauli Niinistö, Alexander Stubb, Pekka Haavisto, Haavisto, Jussi Halla, Olli Rehn, Niinistö, Vladimir Putin, Teivainen, Petteri, Putin, Washington —, ” Niinistö Organizations: HELSINKI, NATO, Union, University of Helsinki, Bank of Finland, Kyiv —, Hamas, Helsinki, Washington, YLE, Nordic, Kremlin Locations: Nordic, Ukraine, Russia, United States, China, Sunday’s, Finland, Ukraine —, Moscow, Sweden, Finland’s, Finnish, Moscow , Washington, Beijing, Baltic, Vainikkala

☆ Investors spy value in cheap Finnish stocks after China and Russia pain
▼ + stars: | 2023-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +4 min

Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".

Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava

☆ Dozens of migrants wait at Finland-Russia border after Helsinki blocks crossings
▼ + stars: | 2023-11-17 | by ( Anne Kauranen | ) www.reuters.com time to read: +3 min

HELSINKI, Nov 18 (Reuters) - Dozens of migrants stood behind barriers at two crossings on Finland's border with Russia on Saturday, the Finnish Border Guard said, after Helsinki erected barricades to halt a flow of asylum seekers it says was instigated by Moscow. Despite the closure, dozens of migrants arrived on Saturday afternoon at the Nuijamaa and Vaalimaa crossings, and lit a campfire in sub-zero temperatures behind razor-wire barriers mounted by border guards, Finnish Border Guard told reporters. Four regular border crossings remain open for the time being, but asylum can now only be sought at two of those, in Salla and Vartius, further north, the Border Guard said. On Saturday, 67 people arrived to seek asylum at the Vartius post, the local border guard unit said on X, formerly known as Twitter. The Kremlin on Friday said Finland was making a "big mistake" by closing down border crossings and that Helsinki's move was destroying bilateral relations.

Persons: Mika Rytkonen, Jouko Kinnunen, Moscow's, Riikka Purra, Anne Kauranen, Attila Cser, Kevin Liffey, Terje Solsvik, Ros Russell Organizations: Finnish Border Guard, Kremlin, YLE, Finland, Border Guard, Twitter, MTV, Union, Frontex, Friday, Reuters, Finance, Finns Party, Thomson Locations: HELSINKI, Russia, Helsinki, Moscow, United States, Finland, Iraq, Yemen, Somalia, Syria, Salla, Poland, Lithuania, Latvia, Belarus, East, Africa, Nuijamaa, London

A view of the border between Russia and Finland at the Nuijamaa border checkpoint in Lappeenranta, Finland on November 15, 2023. The four border crossings - at Vaalimaa, Nuijamaa, Imatra and Niirala in southeastern Finland - are normally the busiest points of travel between the two countries. Nearly 100 asylum seekers had entered Finland from Russia on Friday by midday, officials said. Finland shares a 1,340-km (833-mile) border with Russia that also serves as the EU's external border. Finland's ombudsman for non-discrimination said on Thursday Helsinki still had a duty under international treaties and EU law to allow asylum seekers to seek protection.

Persons: Helsinki, Matti Pitkaniitty, Pitkaniitty, Essi Lehto, Anne Kauranen, Terje Solsvik, Gareth Jones Organizations: Finnish Border Guard, European Union, NATO, Kremlin, Helsinki, Thomson Locations: Russia, Finland, Lappeenranta, Finnish, HELSINKI, Vaalimaa, Russia's, Salla, Iraq, Yemen, Somalia, Syria, Moscow, Ukraine, United States

☆ Facing asylum seeker surge from Russia, Finland mulls curbing access
▼ + stars: | 2023-11-15 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

[1/3] A view of the border between Russia and Finland at the Nuijamaa border checkpoint in Lappeenranta, Finland on November 15, 2023. An increasing number of citizens from third countries have arrived via Russia to Finnish border-crossing points without proper documentation this autumn. Finland has no... Acquire Licensing Rights Read moreHELSINKI, Nov 15 (Reuters) - Further groups of asylum seekers arrived on Wednesday at Finland's southeastern border via Russia, officials said, adding to a sudden surge that might spur the Nordic country to restrict access. Finland's government on Tuesday accused Russia of funnelling asylum seekers to crossing points along the frontier and said it might limit access unless Russian authorities reverse course. On Tuesday, 55 asylum seekers were recorded by officials, while Wednesday afternoon's figure stood at 66 and rising, Finnish Border Guard Lieutenant Colonel Jukka Lukkari said.

Persons: Sauli Niinisto, Finland's, Dmitry Peskov, Jukka Lukkari, Jukka Laine, Laine, Essi Lehto, Anne Kauranen, Mark Heinrich Our Organizations: Union, NATO, EU, Finnish Border Guard, University of Eastern, Finnish Refugee Council, Thomson Locations: Russia, Finland, Lappeenranta, Finnish, HELSINKI, Finland's, Moscow, Iraq, Yemen, Somalia, Syria, University of Eastern Finland

A damaged Balticconnector gas pipeline that connects Finland and Estonia is pictured in this undated handout picture in the Baltic Sea. "They (China) have promised full cooperation and we trust it," Finnish Foreign Minister Elina Valtonen told Reuters on the sidelines of a news conference in Helsinki. Two telecoms cables linking Estonia to Finland and Sweden were damaged on the same night between Oct.7-8, authorities said last month, and Russia's Rostelecom (RTKM.MM) on Tuesday revealed that one of its fibre optic cables had also been hit. Data from shipping intelligence firm MarineTraffic, reviewed by Reuters, showed that the NewNew Polar Bear passed over the pipeline and the telecoms cables in the space of less than nine hours. NewNew Shipping, the owner and operator of the NewNew Polar Bear, has previously declined to comment when contacted by Reuters.

Persons: China, Elina Valtonen, Russia's, Valtonen, Anne Kauranen, Simon Johnson, Anna Ringstrom, Terje Solsvik, Christina Fincher Organizations: Finnish Border Guard, REUTERS, Rights, Wednesday, Hong, Reuters, NewNew Shipping, Thomson Locations: Finland, Estonia, Baltic, Hong Kong, China, Helsinki, Sweden, Russia, Moscow, Ukraine, Stockholm

☆ Russia condemns Finland's plan to speed confiscation of Russian real estate
▼ + stars: | 2023-10-12 | by ( Anne Kauranen | ) www.reuters.com time to read: +2 min

REUTERS/Ints Kalnins Acquire Licensing RightsHELSINKI, Oct 12 (Reuters) - Russia's foreign ministry on Thursday criticised a Finnish government plan to speed the confiscation of Russian-owned real estate in Finland, warning the Nordic country of countermeasures. Ousting Russian owners over unpaid bills is not currently legal if an official notification threatening confiscation cannot be delivered to them, Meri said. Meri said electronic notification would be sufficient once the rules change, but did not provide other details on Finland plans. "We will not leave without a proper response such actions of the so-called civilized Finnish state," Russian foreign ministry spokesperson Maria Zakharova said in a statement. Finland is also looking at ways to take control of Helsinki's biggest sports and events arena which has been shut since last year because of sanctions against its billionaire Russian owners.

Persons: Ints, Leena Meri, Meri, Maria Zakharova, Anne Kauranen, Rod Nickel Organizations: REUTERS, Rights, YLE, Thomson Locations: Helsinki, Finland, Rights HELSINKI, Finnish, Russia, Ukraine

☆ I visited Helsinki, Finland's capital city. I can see why it's one of the happiest places in the world — even if the locals don't think so.
▼ + stars: | 2023-06-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The city has a strong sense of communityHelsinki may be a capital city, but at times it felt like a small town. Visit Finland calls design an "essential cornerstone of the city," integral to the way the capital city functions. Public spaces, such as Oodi Helsinki's new central library, receive large amounts of state funding for construction. InsiderHelsinki's public spaces are often built to blend into natural settings. The city felt safeFinland benefits from high levels of social trust — and despite being the capital, Helsinki is no different.

Persons: —, they'll, Alvar Aalto Organizations: Service, Gallup, Helsink, metros, Helsinki Locations: Helsinki, Finland, Helsinki's

☆ Moscow is trying to play it cool, but its military moves hint at growing concern over NATO's newest member
▼ + stars: | 2023-04-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Finland's admission this month doubles the length of NATO's border with Russia and does so in a region with important Russian military outposts. But Putin's invasion of Ukraine scared not only Finland into joining NATO but also Sweden, which hasn't fought a war since Napoleon was alive. This boosts the alliance's military, political, and economic power considerably and confronts Russia with the prospect of even more NATO forces on its border. There is the possibility of NATO forces and infrastructure being deployed to those countries. Russia's Arctic forces also field an array of powerful weapons, including submarine- and land-based cruise missiles and air-launched hypersonic weapons.

HELSINKI/BRUSSELS, April 4 (Reuters) - Finland will become a member of NATO on Tuesday, completing a historic security policy shift triggered by Russia's invasion of Ukraine, while neighbour Sweden is kept in the waiting room. "It will be a good day for Finland's security, for Nordic security and for NATO as a whole," NATO Secretary-General Jens Stoltenberg told reporters on Monday. Sweden underwent a similar transformation in defence thinking and Stockholm and Helsinki applied together last year to join NATO. Moscow said on Monday it would strengthen its military capacity in its western and northwestern regions in response to Finland joining NATO. Stoltenberg said he was "absolutely confident" that Sweden will become a NATO member.

☆ Ukraine war live updates: Finland set to formally join NATO; Russian blogger bombing suspect has been 'framed,' husband says
▼ + stars: | 2023-04-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Finnish reservists of the Guard Jaeger Regiment take part in a military exercise at the Santahamina military base in Helsinki, Finland on March 7, 2023. -Finland is set to formally become a member of the NATO defense alliance on Tuesday, ending years of "military non-alignment." On Tuesday, the country's President Sauli Niinisto will travel to the NATO headquarters in Brussels for the accession. Turkey, the last holdout on Helsinki's accession to the military coalition, gave its approval on Finland's membership bid on March 30. Sweden's membership bid, made at the same time as Finland's, is still awaiting approval.

"Tomorrow we will welcome Finland as the 31st member of NATO making Finland safer and our alliance stronger," NATO Secretary-General Jens Stoltenberg told reporters in Brussels, hailing the move as "historic". Russia's invasion of Ukraine in February last year pushed Finland and its neighbour Sweden to apply for NATO membership, abandoning decades of military non-alignment. [1/2] NATO Secretary-General Jens Stoltenberg attends a news conference before a meeting of NATO foreign ministers in Brussels, Belgium April 3, 2023. REUTERS/Johanna Geron 1 2"President Putin went to war against Ukraine with the clear aim to get less NATO," Stoltenberg said. Stoltenberg pledged to work hard to get Sweden into NATO as soon as possible.

☆ Factbox: Steps in Finnish, Swedish path to NATO membership
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +5 min

Hungary's parliament approved a bill this week to allow Finland to join NATO after Erdogan declared Turkey was ready to approve that bid. Turkey's parliament is expected to follow through on Erdogan's commitment with a vote this week, clearing the way for Finland to join NATO within weeks. Here are the key steps in Finland's and Sweden's path towards NATO membership so far:FINLAND AND SWEDEN SUBMIT MEMBERSHIP REQUESTThe applications, letters signed by the countries' foreign ministers, were formally handed in by Finland's and Sweden's NATO ambassadors on May 18, 2022. FINLAND FORGES AHEADAll NATO countries must ratify a would-be member's application before it can join the alliance. But NATO Secretary-General Jens Stoltenberg has said getting Sweden's application over the line is a top priority.

[1/2] U.S. Secretary of State Antony Blinken and Turkish Foreign Minister Mevlut Cavusoglu arrive at a meeting in Ankara, Turkey February 20, 2023. REUTERS/Cagla GurdoganANKARA, Feb 20 (Reuters) - U.S. Secretary of State Antony Blinken said on Monday Washington strongly supports Sweden and Finland's quick NATO accession given steps they have already taken, even as his Turkish counterpart stressed the need for more concrete action. The Nordic countries' NATO bids have been stalled because Turkey has refused to ratify them, saying Stockholm in particular has harboured what it calls members of terrorist groups. "If they take steps that convince our parliament and people, there could be a development in this direction," he added. Sweden and Finland applied last year to join the trans-Atlantic defence pact after Russia invaded Ukraine, but faced unexpected objections from Turkey.

☆ Blinken to talk aid, Nordic NATO bid in visit to quake-hit Turkey
▼ + stars: | 2023-02-19 | by ( Humeyra Pamuk | ) www.reuters.com time to read: +4 min

[1/2] United States Secretary of State Antony Blinken arrives for a meeting with Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan at the Munich Security Conference in Munich, February. Since the earthquake, the United States has sent a search and rescue team to Turkey, medical supplies, concrete-breaking machinery, and additional funding of $85 million in humanitarian aid that also covers Syria. While the United States has praised Turkey for some of its actions during Russia's invasion of Ukraine, it remains worried over its close relationship with Moscow, experts say. "There will be no transfer of F-16s if Erdogan continues to deny admission to Finland and Sweden ... Ibrahim Kalin, Erdogan's chief foreign policy advisor, said last month he hoped the F-16 deal would not become "hostage" to the NATO memberships of Sweden and Finland.

☆ Startups trying to turn cities into carbon sinks to fight climate change have raised a record $2.2 billion this year, new report shows
▼ + stars: | 2022-11-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +6 min

Green construction startups have raised a record $2.2 billion in 2022, per VC firm A/O PropTech. The construction and operation of buildings account for 37% of global CO2 emissions from energy use, according to the UN. The adoption of bio-based materials, such as wood, and a circular approach to construction can help cities become carbon sinks, the report stated. A carbon sink is when something can store more carbon emissions than it produces. Most building materials are currently "down-cycled" and used for things like filling potholes, she added.

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