February 5, 2025
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Russia’s economy cracks at the seams: Finland Foreign Minister called for strengthening sanctions

New restrictions for the Russian Federation will give Ukraine the best situation for the conclusion of a peace agreement.”, – WRITE: www.unian.ua

New restrictions for the Russian Federation will give Ukraine the best situation for the conclusion of a peace agreement.

Economists note signs of tension in the Russian economy in recent months / Photo ReutersEconomists note signs of tension in the Russian economy in recent months / Photo ReutersRussia’s economy cracks the seams. The event should strengthen sanctions to give Ukraine the best position for the peace agreement.

Finnish Foreign Minister Elina Valtonen urged Western countries to “continue economic pressure” on Russia in the coming months in an interview with The Telegraph.

“We see sanctions working. Serious cracks appear in the Russian economy. We just have to complete all cases to come peace, I hope, at the end of this year,” the diplomat said.

The minister’s statements were made against the backdrop of new efforts to fight the “shadow fleet”. Moscow uses about 600 such vessels for secret transportation of oil and gas around the world, bypassing the restrictions of the EU and the Great Seven countries for fuel and oil prices.

In December, 12 European countries, including the United Kingdom and Finland, agreed to ask for insurance evidence of ships that may belong to the “shadow fleet” when they pass near Denmark, Sweden and Finland. If additional inspections are effective, they will be able to harm the Russian Federation.

Economists note signs of tension in the Russian economy in recent months, for example, the decision of the central bank to increase the key interest rate to 21%.

Although Vladimir Putin can support his military machine at the current level, economic growth caused by generous costs of the army and growth of salaries associated with lack of labor, exhausts himself.

GDP growth is estimated in 2025 to be from 0.5% to 1%, which is much lower than 3% in 2024.

“We want to have a powerful potential to restrain Russia or anyone else,” Valtonen said, saying the need to make the Finnish army “promptly compatible under NATO, as well as that corresponds to the Alliance’s defense plans.”

“Even if there is peace in Ukraine – which, of course, should be fair and strong – perhaps the threat from Russia will not disappear, which means that you equally need to be able to protect and restrain in other places in Europe,” – summed up Finland Foreign Minister.

Russia’s economy is the latest newsAlmost three years since the beginning of the full -scale invasion of the Russian Federation into Ukraine the Russian economy is in critical condition. The tension within the country is so great that Vladimir Putin began to press on officials for “drought” of private investment.

It is emphasized that Vladimir Putin is increasingly worried about the economy of the Russian Federation. The Russian elite believes that it is necessary to settle the war through negotiations.

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