Finland and Russia have extensive experience cooperating in the field of ecology, which provides a good basis for exploring new cooperation opportunities in such areas as circular bio-economy and waste management. The key principles of circular bio-economy are the use of renewable natural resources instead of fossil fuels, minimizing waste, emissions, and energy inefficiency. The recycling and reprocessing of materials, waste reduction, and use of bio-materials are key elements for effective and sustainable development. What role do governments, municipalities, companies, and consumers play in providing renewable solutions? How can waste be reduced through eco-design principles and what new and innovative methods of waste recycling are available? What new opportunities do circular bio-economy and waste management offer for cooperation between Russia and Finland?