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A Finnish CEO has been convicted and sentenced to nearly four years in prison for orchestrating the illegal export of 135 trucks to Russia by falsely declaring them as transit goods. The case resulted in significant financial penalties against his company, including confiscation of profits and property obtained from the sanctioned exports.

A criminal trial has commenced in Helsinki regarding the alleged illegal export of 135 trucks and 29 trailers to Russia, with prosecutors seeking a four-year prison sentence for an individual and corporate fines.

Despite hosting over 40,000 VC-backed tech startups and creating more of them than any other region globally, the EU had only 331 unicorns, as compared to 1,963 in the US as of 2025. The numbers highlight a structural challenge: European companies have been struggling to scale up and compete globally for some time, and a growing number of European high-growth startups are relocating their headquarters outside the EU, primarily to the US.