The third-place finish gives Finland its 16th medal in tournament history, while Russia failed to secure a medal for just the third time since 2010.
Russia came flying out of the gates and looked poised to reach the podium when Ilya Safonov scored the opening goal six minutes into the first period. However, as they did all tournament, the Finns came storming back.
Captain Anton Lundell notched the equalizer in the second period before Mikko Petman scored the eventual game-winner in the final frame’s early minutes. Lundell and Juuso Parssinen added empty-netters to seal the deal.