Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

EU Hurt Russia

HELSINKI, Finland — Finland’s accession to the EU in 1995 hurt Russian firms and this must be avoided when the Baltic states join the bloc, privatization architect Anatoly Chubais was quoted as saying Tuesday.

Chubais, chief executive of Unified Energy Systems, told the Finnish business daily Kauppalehti that Russian businesses had been harmed by Finland’s EU membership as the tariffs on Russian exports to Finland had been raised.

The case of Finland was an example of what happened when the special needs of Russia were not taken into consideration, said Chubais, adding Russia should not lose out as the EU develops.