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Reuters
Reuters
Business

Finland seizes hundreds of Russian freight cars as EU sanctions bite

Finland has seized nearly a thousand freight cars belonging to Russian companies as a result of European Union sanctions, according to Finnish state-owned rail operator VR and a letter from Russia's rail monopoly seen by Reuters.

As Finland's VR moved to reduce railway traffic with Russia after the EU sanctioned Russian coal supplies in April, 865 rail cars from Russia were seized by bailiffs, according to the June 6 dated letter from Russian Railways to the Ministry of Transport.

Finnish bailiff authority told Reuters it has had frozen assets of a few dozen of Russian and Belarusian individuals and legal entities, including transportation firms, worth at least 82 million euros, to comply with EU sanctions.

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