The red color stands for a mountain, still in the light of the sun, which is the yellow circle. Blue stands for night coming everyday after the sunset and white features the receding day.
The emblem is featuring an opposite of the scene, as the flag - a sunrise. You can see a sun in a white color, the receding night and the upcoming day. The mountain is black to symbolise, that it was night and the cross at it are skis.
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