Baltic nations suffering from Russia sanctions win EU relief – POLITICO

BRUSSELS — The European Commission will provide a financial band-aid next year to Baltic nations suffering collateral economic damage from EU sanctions against Russia.

The region is being hit particularly hard because of falls in tourism and investment, along with the collapse of cross-border trade.

Regions Commissioner Raffaele Fitto is leading the plan, which aims to kickstart the economies of Finland and its Baltic neighbors, according to diplomats and Commission officials who were granted anonymity to speak freely.