Finland must work to end its dependence on Russian fossil fuels, Finance Minister Annika Saarikko (Cen) said on Tuesday.
Saarikko chairs a special ministerial working group set up to deal with issues arising from Russia's invasion of Ukraine.
Finland must move closer to renewable energy to end its reliance on Russian fossil fuels, the working group said.
"It's clear that we need to detach ourselves from Russian energy, but that won't happen overnight," Saarikko explained.
Finland imports Russian wood chips for its district heating network while Finnish industry uses natural gas.
Over the past few years Finland has been phasing out peat as an energy source due to environmental concerns, but domestic peat is now viewed as an alternative to Russian wood chips.
The working group, however, could not reach a consensus on how to subsidise the transport sector, which is feeling the squeeze of rising diesel and gasoline prices. Renewable energy targets in the sector are also driving up costs.
Finland has committed to carbon neutrality by 2035.
Tuesday's meeting also delved into the war's effects on the Finnish economy and banking sector. Saarikko said banks in the country have very little direct exposure to Russia, with impacts more likely rippling through foreign trade.
Finland's close proximity to Russia has not impacted investors' or travellers' interest in the country, according to stakeholders involved with the working group.
Last week, Saarikko's working group released an additional 300 million euros in farming subsidies to offset rising agricultural costs triggered by the war.