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. Last Updated: 07/27/2016

Moscow, Helsinki Sign Border Accord

The prime ministers of Russia and Finland have held talks on expanding economic ties between their countries and signed a border agreement, Itar-Tass reported.

Finnish Prime Minister Paavo Lipponen held a private meeting Monday with Prime Minister Viktor Chernomyrdin during which the two discussed Russian gas exports to Finland and other economic issues.

"There are no problems in relations between Russia and Finland which would have to be resolved at the political level, and this is very important," Itar-Tass quoted Chernomyrdin as saying.

Lipponen and Chernomyrdin signed a protocol on building two crossings on their long border and agreed to work on other economic projects, including a circular road around the town of Vyborg and a Russian car factory in Karelia.

Bilateral trade between the two countries rose by 25 percent and it amounted to $4.7 billion last year, the agency said.