Finland, Sweden push for stricter economic sanctions on Russia

Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an European Union ban on Russian energy shipments.

The proposals were outlined by the two countries’ foreign ministers at a security conference in Sweden. Finnish Foreign Minister Elina Valtonen said the Russian threat is long-term and requires continued pressure regardless of any ceasefire or peace deal. She added that Finland and Sweden aim to raise customs duties on all products and services imported from Russia and introduce new export restrictions, including on luxury goods.

Swedish Foreign Minister Maria Malmer Stenergard highlighted Russia’s reliance on energy revenues to fund its war in Ukraine. She proposed a full ban on ships carrying oil, gas, or coal from Russian ports to the EU, as well as restrictions on fertilizer imports, which she said could cost Russia around €1.4 billion ($1.6 billion).

Both ministers emphasised the importance of reducing EU dependence on Russian goods. They suggested domestic production and alternative imports could replace Russian fertilizers.

The proposals are expected to be considered for inclusion in the EU’s next sanctions package.

The remarks were made during the three-day Rikskonferensen security conference, which brings together political leaders, experts, and international participants to discuss security policy.

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