HELSINKI (Reuters) - The city of Helsinki will initiate a forced takeover of the Finnish capital's biggest sports and events arena from its sanctions-hit Russian owners, the city's executive governing board said.

The city of Helsinki is initiating a compulsory purchase of the largest sports arena in the Finnish capital from its Russian owners, who have been sanctioned. Source: Reuters Details: In 2023, Helsinki announced that Russian-Finnish businessmen Gennady Timchenko and Roman Rotenberg,

By Essi Lehto HELSINKI (Reuters) -Sanctions-hit Russian owners have sold a closed sports and events arena in Helsinki, the Finnish Foreign Ministry told Reuters on Tuesday. The deal was announced a day after the city of Helsinki had initiated a forced takeover of the arena from its Russian owners.