In an interview with the Yle TV on Saturday, the central bank boss pointed out that even if there were no sanctions, growth in Russia would have been low.
Liikanen said EU sanctions should have an equal impact across the member states.
The situation in Russia was an additional challenge for the Finnish economy given an aging population and the loss of momentum in the IT sector.
In Liikanen’s view, this was the right time to stick to the agreed structural reforms. Retirement age should be gradually raised by a few years.
The Central Bank head also maintained that the worst was over in reference to EU economic crisis.
