The victory, following a fine comeback from 3-1 down, ended defending champions Russia's bid to win the global crown for the fifth straight year.

Both nations in the final have dominated the sport in recent years.

Finland's triumph in 2004 is the only time one of the two nations has not won the event since it was founded in 1957, with Russia formerly playing as the Soviet Union.

Janis Befus put Russia in front after 19 minutes in front of 2,800 fans, but Daniel Mossberg equalised for the hosts following Christoffer Edlund's assist just under three minutes later.

Russia took control with two goals in two minutes as Evgeny Ivanushkin struck in the 41st before Almaz Mirgazov quickly added further daylight to leave his side 3-1 up at half time.

Sweden powered back, however, as Edlund struck on the hour mark before Erik Pettersson levelled with just seven minutes to play.

The winner came in added on time after the 90 minutes of regulation play, and was scored by Adam Gilljam.

The final was played as bandy continues to push for Winter Olympic recognition.

Boris Skrynnik, the President of the Federation of International Bandy (FIB), said the sport was hoping to be included at either Beijing 2022 or the yet to be awarded 2026 Games in comments printed by TASS.

"Chances are in place," he said.

"Yes, there were talks about 2026. 

"Informal negotiations were held and we received signals that the year of 2026 is the deadline. 

"Nevertheless, we make attempts for bandy to be included into 2022 Olympics programme.

"It is not a mere coincidence that representations of the China Olympic Committee were present at the World Championship.

"We also met representatives of a producer company engaged in promotion of the Olympic Games in Beijing. 

"Furthermore, a letter was received from the IOC that its representatives are examining to what degree our sport can be popular at the Olympics."