
The chairman of the Finnish public organization Naapuriseura, Jauri Varvikko, told RIA Novosti about the high level of unemployment in Finland after the closure of the border with Russia, noting the strong impact on tourism and business activity in Eastern Finland, including bankruptcies and business closures.
AI-generated summary
The closure of the border between Finland and Russia has led to economic consequences for Finland's border regions, including increased unemployment and a decline in the tourism industry.
The chairman of the Finnish public organization Naapuriseura, Jauri Varvikko, in an interview with RIA Novosti, said that Finland is experiencing a high level of unemployment after the closure of the border with Russia.
Most of all, according to Varvikko, tourism and business activity in Eastern Finland are suffering.
“And many tourism-oriented enterprises have gone bankrupt or closed,” the agency’s interlocutor added.
Before this, back at the end of June, University of Eastern Finland researcher Henrik Nielsen said that the closure of the border with Russia had hit the economies of Finnish border towns hard.

The average pension for working and non-working Russians in July 2026 was 25,401 rubles, which is 1,945 rubles more than in July 2025. The highest rates were recorded in the Chukotka Autonomous Okrug (42,213 rubles), the Nenets Autonomous Okrug (38,810 rubles), the Magadan Region (37,607 rubles), the Kamchatka Territory (37,575 rubles) and the Khanty-Mansiysk Autonomous Okrug (37,098 rubles).

Analyst Alexander Grif predicts a possible change in the ruble exchange rate in June due to the balance of external economic and internal factors.

Lebanon will need at least $7 billion in the first stage to restore areas affected by war, Minister of Economy and Trade Amer Bisat said. The preliminary estimates may be exceeded as the real sum could be higher. The World Bank estimates damage to Iran during the 2024 aggression at $11 bln, but Lebanon's destruction is more significant, affecting infrastructure facilities with potential economic damage totaling $20 bln. Agricultural production has plummeted by 40%, trade turnover fell by 60%, and the tourism sector is 95% paralyzed.

Central Bank chief Elvira Nabiullina warned that negative effects for the Russian economy will intensify if the Middle East conflict continues. At a press conference following the Board meeting, she noted the situation remains a significant external risk factor, warning that consequences from global cost increases may outweigh advantages from export growth and ruble appreciation.