Iikka Korhonen
@iikkakorhonen.bsky.social
Head of BOFIT (Bank of Finland Institute for Emerging Economies), not representing the official views of my employer, RTs not endorsements
https://t.co/E0YqzEKBp7
https://t.co/E0YqzEKBp7
Reposted by Iikka Korhonen
It is not normal for a U.S. envoy to coach the Kremlin on how to influence an American president, especially in a way that undercuts Ukrainian and American national interests. As I told @NPR's Morning Edition.
November 26, 2025 at 8:45 PM
It is not normal for a U.S. envoy to coach the Kremlin on how to influence an American president, especially in a way that undercuts Ukrainian and American national interests. As I told @NPR's Morning Edition.
Reposted by Iikka Korhonen
What folks need to realize about "peace talks" is that this is all theater for Washington. Ukraine knows that Russia has no intention of stopping the war, and the Russians know the Ukrainians know that. So this is just all a performance for Trump, hoping he blames the other for the lack of peace.
November 26, 2025 at 1:24 PM
What folks need to realize about "peace talks" is that this is all theater for Washington. Ukraine knows that Russia has no intention of stopping the war, and the Russians know the Ukrainians know that. So this is just all a performance for Trump, hoping he blames the other for the lack of peace.
Reposted by Iikka Korhonen
Vice-President Luis de Guindos: Financial Stability Review November 2025 (slides) link.europa.eu/X88pkX
November 26, 2025 at 9:12 AM
Vice-President Luis de Guindos: Financial Stability Review November 2025 (slides) link.europa.eu/X88pkX
Reposted by Iikka Korhonen
Witkoff advised the Russians on how to pitch their Ukraine plan to Trump www.bloomberg.com/news/article...
November 25, 2025 at 9:51 PM
Witkoff advised the Russians on how to pitch their Ukraine plan to Trump www.bloomberg.com/news/article...
Reposted by Iikka Korhonen
EXCLUSIVE: US presidential envoy Steve Witkoff advised Russia on how to pitch Ukraine plans to Trump, in audio files reviewed by Bloomberg
Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump
US presidential envoy Steve Witkoff, fresh from the triumph of the Gaza peace deal, held a phone call last month with a senior Kremlin official to suggest they work together on a similar plan for Ukraine — and that Vladimir Putin should raise it with Donald Trump.
bloom.bg
November 25, 2025 at 7:52 PM
EXCLUSIVE: US presidential envoy Steve Witkoff advised Russia on how to pitch Ukraine plans to Trump, in audio files reviewed by Bloomberg
Reposted by Iikka Korhonen
National Wine Consumption in 2023
November 25, 2025 at 2:37 PM
National Wine Consumption in 2023
Reposted by Iikka Korhonen
The area's period of darkness will continue until mid-January.
Northern Finnish Lapland goes dark as polar night begins
The area's period of darkness will continue until mid-January.
yle.fi
November 25, 2025 at 11:20 AM
The area's period of darkness will continue until mid-January.
Reposted by Iikka Korhonen
FRB Chicago Economic Conditions Activity Index 6-12 month hiring expectations remain near record lows in November, with capex expectations also still underwater
November 24, 2025 at 10:44 PM
FRB Chicago Economic Conditions Activity Index 6-12 month hiring expectations remain near record lows in November, with capex expectations also still underwater
Our @bofit.suomenpankki.fi DP 8/25 also on BBC Newshour. My interview at about 9:00.
www.bbc.com/audio/play/w...
www.bbc.com/audio/play/w...
BBC Audio | Newshour | Zelensky warns against giving away territory
UK PM Keir Starmer announces 'coalition of the willing' to guarantee Ukraine peace
www.bbc.com
November 25, 2025 at 6:00 AM
Our @bofit.suomenpankki.fi DP 8/25 also on BBC Newshour. My interview at about 9:00.
www.bbc.com/audio/play/w...
www.bbc.com/audio/play/w...
Reposted by Iikka Korhonen
FT breaking news on the Ukraine peace deal once again: @christopherjm.ft.com & US colleagues revealing secret US-Russian-Ukrainian talks in UAE that started last night and continue this morning.
No Europeans present (or informed in advance)...
No Europeans present (or informed in advance)...
News: US holds secret Russia-Ukraine peace talks in Abu Dhabi
US army secretary Dan Driscoll is in UAE for talks with Ukraine’s military intel chief Kyrylo Budanov and a Russian delegation as Washington pushes a peace deal to end the Kremlin’s war. @financialtimes.com
on.ft.com/43Og0fj
US army secretary Dan Driscoll is in UAE for talks with Ukraine’s military intel chief Kyrylo Budanov and a Russian delegation as Washington pushes a peace deal to end the Kremlin’s war. @financialtimes.com
on.ft.com/43Og0fj
US holds secret Russia-Ukraine peace talks in Abu Dhabi
Army secretary Dan Driscoll meets delegations from Kyiv and Moscow in push for deal to end Kremlin’s invasion
on.ft.com
November 25, 2025 at 5:55 AM
FT breaking news on the Ukraine peace deal once again: @christopherjm.ft.com & US colleagues revealing secret US-Russian-Ukrainian talks in UAE that started last night and continue this morning.
No Europeans present (or informed in advance)...
No Europeans present (or informed in advance)...
Reposted by Iikka Korhonen
Suomen Pankki: From sanctions to price surges : The dynamics of Russia’s import prices
publications.bof.fi
November 24, 2025 at 1:21 PM
Reposted by Iikka Korhonen
NUS Finance Department invites to apply for our fully-funded PhD in Finance program. Learn more about the program and application details here: www.ssrn.com/index.cfm/en...
November 20, 2025 at 5:50 AM
NUS Finance Department invites to apply for our fully-funded PhD in Finance program. Learn more about the program and application details here: www.ssrn.com/index.cfm/en...
Reposted by Iikka Korhonen
India buys Russian Urals crude at lowest price in at least two years after U.S. imposes sanctions on oil majors Rosneft and Lukoil
The discount on Urals relative to global benchmark Brent, including delivery, has widened from $3 to $7 per barrel.
The discount on Urals relative to global benchmark Brent, including delivery, has widened from $3 to $7 per barrel.
India buys Russian Urals crude at lowest price in at least two years after U.S. imposes sanctions on oil majors Rosneft and Lukoil
Russian Urals crude is being sold to Indian refineries at the lowest price in at least two years, according to a Bloomberg report citing sources familiar with the matter. U.S. sanctions on Russia’s ma...
theins.press
November 24, 2025 at 8:46 PM
India buys Russian Urals crude at lowest price in at least two years after U.S. imposes sanctions on oil majors Rosneft and Lukoil
The discount on Urals relative to global benchmark Brent, including delivery, has widened from $3 to $7 per barrel.
The discount on Urals relative to global benchmark Brent, including delivery, has widened from $3 to $7 per barrel.
Reposted by Iikka Korhonen
We wrote a paper on Russia sanctions and Russia's import prices. Because of sanctions Russia must pay MUCH more for the sanctioned goods it buys.
@bofit.suomenpankki.fi
A thread:
@bofit.suomenpankki.fi
A thread:
Heli Simola and I wrote about the effect of sanctions on unit prices of Russia’s imports. I.e., how much does Russia have to pay more for goods EU & co have sanctioned, when it imports them from China, Türkiye and other countries?
@bofit.suomenpankki.fi DP 8/2025
🇷🇺🇨🇳🇹🇷
1/
www.bofit.fi/en/
@bofit.suomenpankki.fi DP 8/2025
🇷🇺🇨🇳🇹🇷
1/
www.bofit.fi/en/
November 24, 2025 at 9:17 AM
We wrote a paper on Russia sanctions and Russia's import prices. Because of sanctions Russia must pay MUCH more for the sanctioned goods it buys.
@bofit.suomenpankki.fi
A thread:
@bofit.suomenpankki.fi
A thread:
Reposted by Iikka Korhonen
Volume of China's crude oil imports from Russia down more than 10% from its peak. In October the discount on Russia's oil was ~5%, after a few months when the discount was 2-3%. Threat of secondary sanctions having some effect?
November 24, 2025 at 2:31 PM
Volume of China's crude oil imports from Russia down more than 10% from its peak. In October the discount on Russia's oil was ~5%, after a few months when the discount was 2-3%. Threat of secondary sanctions having some effect?
Reposted by Iikka Korhonen
”..revised rules would probably stipulate that foreign investors had to recruit local workers and in “certain sectors like batteries” transfer technological knowhow.”
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
EU to tighten investment rules to stand up to China
Commission wants greater benefits for local workers and technology transfers when foreign companies set up in bloc
on.ft.com
November 24, 2025 at 5:29 AM
”..revised rules would probably stipulate that foreign investors had to recruit local workers and in “certain sectors like batteries” transfer technological knowhow.”
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
Reposted by Iikka Korhonen
This nice piece on our new
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
Chinese exporters charge Russia more for war supplies as sanctions bite
Price increases show that western restrictions are limiting Moscow’s capabilities, Bank of Finland research finds
on.ft.com
November 24, 2025 at 1:17 PM
This nice piece on our new
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
Reposted by Iikka Korhonen
Looking at this photo of the US-Ukraine Geneva meeting, I wondered who was in the delegation. ABC has the list:
abcnews.go.com/Internationa...
No Russia or Ukraine experts (although US Ambassador to Ukraine Davis & SACEUR Grynkewich were there).
Who is the guy with the notebook? Andy Baker. 1/2
abcnews.go.com/Internationa...
No Russia or Ukraine experts (although US Ambassador to Ukraine Davis & SACEUR Grynkewich were there).
Who is the guy with the notebook? Andy Baker. 1/2
November 24, 2025 at 6:36 PM
Looking at this photo of the US-Ukraine Geneva meeting, I wondered who was in the delegation. ABC has the list:
abcnews.go.com/Internationa...
No Russia or Ukraine experts (although US Ambassador to Ukraine Davis & SACEUR Grynkewich were there).
Who is the guy with the notebook? Andy Baker. 1/2
abcnews.go.com/Internationa...
No Russia or Ukraine experts (although US Ambassador to Ukraine Davis & SACEUR Grynkewich were there).
Who is the guy with the notebook? Andy Baker. 1/2
Reposted by Iikka Korhonen
The US-Russia plan includes a $300bn signing bonus for the US in the form of Russia's central bank frozen assets - for @foreignpolicy.com I outline how the EU could curb Trump’s interest in the deal if the bloc rushes to seize these assets before America grabs them
foreignpolicy.com/2025/11/24/t...
foreignpolicy.com/2025/11/24/t...
The U.S.-Russia Plan Gives Trump a $300 Billion Signing Bonus
If Europe moves fast to seize Russian assets, it may be able to sink this bad deal.
foreignpolicy.com
November 24, 2025 at 5:40 PM
The US-Russia plan includes a $300bn signing bonus for the US in the form of Russia's central bank frozen assets - for @foreignpolicy.com I outline how the EU could curb Trump’s interest in the deal if the bloc rushes to seize these assets before America grabs them
foreignpolicy.com/2025/11/24/t...
foreignpolicy.com/2025/11/24/t...
Volume of China's crude oil imports from Russia down more than 10% from its peak. In October the discount on Russia's oil was ~5%, after a few months when the discount was 2-3%. Threat of secondary sanctions having some effect?
November 24, 2025 at 2:31 PM
Volume of China's crude oil imports from Russia down more than 10% from its peak. In October the discount on Russia's oil was ~5%, after a few months when the discount was 2-3%. Threat of secondary sanctions having some effect?
This nice piece on our new
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
Chinese exporters charge Russia more for war supplies as sanctions bite
Price increases show that western restrictions are limiting Moscow’s capabilities, Bank of Finland research finds
on.ft.com
November 24, 2025 at 1:17 PM
This nice piece on our new
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
We wrote a paper on Russia sanctions and Russia's import prices. Because of sanctions Russia must pay MUCH more for the sanctioned goods it buys.
@bofit.suomenpankki.fi
A thread:
@bofit.suomenpankki.fi
A thread:
Heli Simola and I wrote about the effect of sanctions on unit prices of Russia’s imports. I.e., how much does Russia have to pay more for goods EU & co have sanctioned, when it imports them from China, Türkiye and other countries?
@bofit.suomenpankki.fi DP 8/2025
🇷🇺🇨🇳🇹🇷
1/
www.bofit.fi/en/
@bofit.suomenpankki.fi DP 8/2025
🇷🇺🇨🇳🇹🇷
1/
www.bofit.fi/en/
November 24, 2025 at 9:17 AM
We wrote a paper on Russia sanctions and Russia's import prices. Because of sanctions Russia must pay MUCH more for the sanctioned goods it buys.
@bofit.suomenpankki.fi
A thread:
@bofit.suomenpankki.fi
A thread:
Reposted by Iikka Korhonen
In today’s Russian papers there’s scepticism over the current round of diplomacy. One paper: “The European-Ukrainian gang will ‘correct’ Trump’s plan so that it’s unacceptable for Russia.” Another: “I don’t think the Special Military Operation will end this year.” #ReadingRussia
In the Russian papers, much scepticism about the peace plan.
YouTube video by Steve Rosenberg
youtu.be
November 24, 2025 at 8:50 AM
In today’s Russian papers there’s scepticism over the current round of diplomacy. One paper: “The European-Ukrainian gang will ‘correct’ Trump’s plan so that it’s unacceptable for Russia.” Another: “I don’t think the Special Military Operation will end this year.” #ReadingRussia
”..revised rules would probably stipulate that foreign investors had to recruit local workers and in “certain sectors like batteries” transfer technological knowhow.”
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
EU to tighten investment rules to stand up to China
Commission wants greater benefits for local workers and technology transfers when foreign companies set up in bloc
on.ft.com
November 24, 2025 at 5:29 AM
”..revised rules would probably stipulate that foreign investors had to recruit local workers and in “certain sectors like batteries” transfer technological knowhow.”
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
🇪🇺🇨🇳
Like the 1990s, but the other way around.
on.ft.com/4ikU0Pl EU to tighten investment rules to stand up to China
Reposted by Iikka Korhonen
European defence governance and financing. Because Europe cannot be blackmailed any longer. If not now then when? @voxeu.org @cepr.org @kiel.institute cepr.org/voxeu/column...
European defence governance and financing
In a context of shifting US commitments, external threats, and global competition over trade, technology, critical minerals, talent, and intellectual property, Europe’s lack of defence capabilities leaves it vulnerable to economic and foreign policy pressure. This column outlines key principles for establishing a European Future of Defence Architecture and a framework for its financing.
cepr.org
November 23, 2025 at 8:33 PM
European defence governance and financing. Because Europe cannot be blackmailed any longer. If not now then when? @voxeu.org @cepr.org @kiel.institute cepr.org/voxeu/column...