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The MIKON flagship program in the Fram Centre is using both social and environmental sciences to examine how High North industrial development will affect the natural world, regional societies like the Sami and economic activity.

On the backdrop of political chill, trade between Finland and Russia is falling sharply. Also tourism between the countries is in a downswing.

Raw material prices plummet, but Russian mining and metallurgy companies still make good money.

Raw material prices plummet, but Russian mining and metallurgy companies still make good money.

Raw material prices plummet, but Russian mining and metallurgy companies still make good money.

Russia threatens to destroy Norwegian fish entering the Eurasian Economic Union after the Norwegian Food Safety Authority denied inspectors of the Russian veterinary and biosecurity service from entering salmon and trout farms.

Finnish exports to Russia have been declining since 2013, when Russia was still Finland’s largest trading partner.

The falling price of oil is also dragging the kroner and rouble down.

Supported by high demands and a weak ruble, Russian mineral fertilizer company Phosagro boosts profits.

Slump in Russian tourists to Rovaniemi is bad news for Christmas-themed business. 

Will be the first airline to offer scheduled international flights to Longyearbyen in the Norwegian Arctic.

But experts leave the Russian economy with few chances for a quick recovery.

The nation was hoping for economic turnaround this year. Instead, 2015 threatens to become Finland’s fourth consecutive year of recession.

Norway and Russia reaches new low in economic cooperation

The export values of Norwegian seafood recorded in the first half of 2015 is the highest ever, amounting to €3.78 billion.