Yeltsin’s Russia reflected upon transfer of Karelia to Finns for $15 billion
Karelia was part of Finland until 1940.
Russia thought about selling Karelia to Finland. The first time this issue was raised in July 1991, Helsingin Sanomat writes with reference to Deputy Head of the Yeltsin Foreign Ministry Andrey Fedorov.
All negotiations were closed, the Finnish side did not participate in them, YLE reports.
Karelia was part of Finland until 1940. The Russian authorities were afraid that there would be a strong autonomy movement. Also, the idea of transferring the region to the jurisdiction of Helsinki was backed up by the “empty Soviet treasury.” According to Fedorov, it would be possible to gain $15 billion for Karelia, the Russian authorities calculated.
The final idea of selling these lands to the Finns vanished in 1994.