Sanctions block russia's transfer of funds for Helsinki Arena in Finland

The head of the District Bailiff Service, Aki Virtanen, said that the money is kept on the official account of the body or separately on a special deposit account.

However, he did not disclose the amount of the transaction.

“It is a matter of commercial secrecy, as well as sanctions against individuals,” Virtanen said.

The funds will remain frozen as long as the grounds for such a decision, i.e. the EU Sanctions Regulation, are in force.

“The return of money to sanctioned countries requires the lifting of EU sanctions,” said Pia Sarivaara, a representative of the Sanctions Department of the Finnish Foreign Ministry.

Source: Yle