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Story summary
- The European Commission plans financial support for Baltic nations affected by sanctions on Russia, and Finland has breached EU spending rules amid the downturn.
- Sanctions have reduced tourism, investment, and cross-border trade, impacting Finland, Estonia, Latvia, and Lithuania.
- Raffaele Fitto, Regions Commissioner, leads the initiative to be discussed at a Helsinki summit on December 16.
- Future funding depends on seven-year EU budget for 2028.
