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"The situation is very worrying," says pensions firm CEO on Finnish companies' exposure to Russia

Although Finland’s economic dependence on trade with Russia has been steadily declining, there are still both large and smaller companies, where a notable part of revenue or purchases come from Russia, says Carl Pettersson, CEO of EUR 28.8bn Elo Mutual Pension Insurance.

Headquarters of Elo Mutual Pension Insurance, Espoo, Finland. | Photo: Elo PR.

After optimistic beginning of the year, the mood in economy and investment markets has quickly become gloomier, without even mentioning the situation in Ukraine, says CEO Elo Mutual Pension Insurance Carl Pettersson.

According to him, the war in Ukraine has a special effect also on several Finnish companies.

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