“It doesn’t go like turning off the lights and locking the doors. For example, companies have valid contracts and it brings jobs to lawyers, ”Lintilä assesses the problems of companies withdrawing from Russia.
Minister of Economic Affairs Mika Lintilän According to (Central), a clear support package for agriculture will soon be needed, and support is also being prepared for transport.
According to Lintilä, Russia’s invasion of Ukraine has raised the prices of fuel, food and minerals the most: “We now have war prices, Putin’s prices.”
According to Lintilä, the economic situation is now characterized by very strong uncertainty, as prices and exchange rates fluctuate enormously.
The Minister of Economic Affairs was Yle’s Ykkösaamun guest on Saturday.
Agriculture support requires money from both the state and the market. Lintilä did not say the size of the support package.
According to Lintilä, the situation of professional motorists on the transport side is already so bad due to the increase in fuel prices that they also do not drive. “We have to keep the wheels turning,” Lintilä justified the support for transportation.
Lintilä anticipates a food crisis in the whole of Europe. He estimates that from now on up to a fifth of income will go to food in Finland, compared to 11 percent now.
Instead of restricting cultivation, maximum cultivation should now be achieved in Finland in order to guarantee food production and security of supply.
According to Lintilä, the bakery industry in particular is now in big trouble: “Bakeries make a negative profit because of natural gas.”
From Russia According to the Minister, withdrawing Finnish companies now need advice, because leaving the country does not happen: “It does not go so as to turn off the lights and lock the doors. For example, companies have existing contracts and it brings jobs to lawyers. ”
Lintilä does not promise special state compensation for companies withdrawing from Russia in the same way as interest rate compensation, as this is a corporate risk.
“If nationalizations were to take place, it would take decades to dare to go back there,” Lintilä said of Russia’s intentions to nationalize foreign companies.
In a crisis Lintilä also sees some opportunities for Finnish tourism and investment, although the reputation is bad.
“Finland could be a new location for many Western companies leaving Russia. There is an educated, skilled Russian workforce that could be easier to come to Finland, ”Lintilä estimates. Next week, he has something to say about the new investment.
According to Lintilä, Finnish tourism is also gradually opening up, although the location next to Russia has also expelled tourists.
“And if CNN reports, Finland is now moving west, something has gone wrong with the country brand,” Lintilä pointed out.
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