From neutrality to NATO: Analyzing the role of the Russia-Ukraine war in Finland’s economy and subsequent path towards NATO membership

Jaanvi Harish Das *

Symbiosis Institute of Business Management, Department of Management, Symbiosis International (Deemed University), Pune, India.
 
Review
International Journal of Science and Research Archive, 2024, 11(01), 1252–1256.
Article DOI: 10.30574/ijsra.2024.11.1.0191
Publication history: 
Received on 23 December 2023; revised on 30 January 2024; accepted on 02 February 2024
 
Abstract: 
This research paper explores the impact of the Russia-Ukraine War on Finland’s economy, with a focus on trade, investment, and economic stability. Domains like Finland's GDP growth, export-import dynamics, employment rates, and overall economic performance were significantly affected by the disruption caused by the conflict. By assessing how important sectors such as energy, public expenditure and supply were affected by the conflict, the correlation between Finland’s entry into NATO and the Russia-Ukraine war can be deemed as more concrete. This paper also looks into the steps Finland took to offset the negative consequences of interference with long term regional and trade dynamics.
 
Keywords: 
Russia-Ukraine war; Finland; NATO; Economic impact; Economic stability; Energy sector; Public spendings; Supply; GDP growth; Export-import dynamics; Employment rates
 
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