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flag Finland’s border closure with Russia in 2023 caused Imatra’s economy to collapse, losing $1.2M daily in tourism and spiking unemployment to 15%.

flag Finland’s South Karelia region, particularly the town of Imatra, is facing severe economic hardship after closing its land border with Russia in late 2023, leading to a daily loss of about $1.2 million in tourism revenue. flag Unemployment in Imatra has surged to 15%, the highest in Finland, as Russian tourists and shoppers vanished, crippling local businesses, hotels, and industries like steel and forestry. flag The closure, prompted by Finland’s claim that Russia was orchestrating migrant flows—denied by Moscow—follows Finland’s NATO accession and sanctions on Russia after the 2022 Ukraine invasion. flag Lappeenranta Airport has ceased operations through December 2025, and local officials are seeking new economic strategies, including eco-tourism and green industries, amid uncertainty over the border’s reopening.

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