Investments and the Western market replaced Russian energy - prices reflect the new reality
4.8.2023 12.13
Before Russia's invasion of Ukraine in February 2022, approximately one third of the energy used in Finland was imported from Russia. That share was reduced almost to zero in a few months, and the energy war launched by Russia increased consumer prices remarkably. As the energy markets have changed, it is the time to look how Russian energy was replaced and what more permanent effects trade changes will have, writes Director General Riku Huttunen in his column.
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Investments and the Western market replaced Russian energy - prices reflect the new reality
Riku Huttunen
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