Finland will promote these efforts during her Arctic Council Chairmanship. Construction of St. Petersburg wastewater treatment plant is crucial for the ecology of the Baltic Sea. EU financed, from Tacis funds, the first report for a general programme. The preparation of an Investment Programme have been started under the coordination of the Nordic Investment Bank.
Financial support comes from Finland and Sweden.
In projects like this, large financing consortia are needed. Another crucial factor is national commitment. The safety of nuclear reactors in North-Western Russia, including spent nuclear fuel and radioactive waste, present a great environmental challenge. Further measures need to be taken to improve the situation. Reaching agreement on this programme is a prerequisite for foreign assistance.