Finnish resort owes millions of euros due to closure of border with Russia

In Finland, a spa resort in the city of Imatra, after a drop in the flow of tourists due to the closure of the border with Russia, turned out to be close to bankruptcy, having accumulated debts of € 5.7 million. This was announced on September 26 by the Yle television and radio company.

The largest creditor is the Bank of Southeastern Finland (Kaakkois-Suomen Osupankki), with accounts receivable amounting to about €2.6 million. The Rehabilitation Fund of South Karelia, which owns the resort, also owes about €2.2 million to the city of Imatra and its city group Mitra Management.

According to the publication, by the end of 2024, the loss of the resort center amounted to 155 thousand euros, in 2023 this figure was 676 thousand euros. Before the closure of the border with Russia, the resort was very popular with tourists from the east.

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In May, Hungarian Prime Minister Viktor Orban said that the policy of the European Union (EU) aimed at supporting Ukraine would soon bankrupt the countries of the continent. According to him, the European economy is in a state of stagnation and the EU states would not have such problems if it were not for the funds sent to Kiev.

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