• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Finland lost the most important building material from Russia due to sanctions


October, 02 2023
watermark Economic news

Finland, which refused Russian refractory bricks due to sanctions, is looking for alternative options.


Russian brick was considered ideal for stone construction, while it was affordable and inexpensive for local artisans. However, after the introduction of sanctions against Russia, Finland had to suspend its purchases. This led to a shortage of available refractory material, which became especially noticeable in the construction industry when facing fireplaces and stoves. According to analysts, this may also lead to a shortage of fireplaces in the country.


Some bricklayers are already looking for alternative sources of supplies, including possible supplies from Italy. However, they expressed doubts about the quality of the imported goods. «The Russian refractory brick was dense and strong. And there are a lot of microcracks in new imported bricks,» construction companies note. 


Currently, Finland is using its remnants of Russian bricks purchased before February 2022. In addition, the country has developed its own product made from recycled materials, which is planned to be released in the fall.


Top Top