Russia suspends gas supplies to Finland for non-payment | News

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As of Saturday, May 14, the supply of Russian gas will be suspended in Finland, according to the company RAO Nordic, a subsidiary of the Russian state-owned Inter RAO, reported this Friday.

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RAO Nordic said that they are “forced to suspend the import of electricity from May 14” because they can no longer “make payments for electricity imported from Russia.”

The entity pointed out that “it has been importing electricity from Russia to Finland and selling it to the Nord Pool exchange for many years”, so they maintain a solid commercial agreement.

However, the payment for the energy sold after May 6 “has not been credited with funds in (the) bank account” of the company, so they have decided to cut off the supply.

Meanwhile, Fingrid, the operator of the Finnish transmission system, communicated on its website that although the electricity supplied by Russia covers “approximately ten percent of the total consumption of Finland”, access to energy sources “in Finland is not threatened”.

Senior Vice President of Power System Operations at Fingrid, Reima Päivinen, stated that Russia’s “lack of importing electricity will be made up for by importing more electricity from Sweden and generating more electricity in Finland.”

The precedent of the differences between Helsinki and Moscow is the decision made by the Finnish president, Sauli Niinisto, and the prime minister, Sanna Marin, to urgently request, last Thursday, their membership in the North Atlantic Treaty Organization (NATO). .

At the end of April of this year, the Finnish Minister of European Affairs and Governance announced that, in accordance with agreements reached in the “government committee for economic policy”, her country refused to “pay in rubles” for Russian gas.

On the other hand, at the beginning of May, the Finnish Prime Minister, Sanna Marin, assured that “in a few months we will be able to give up Russian fuel resources.

Moscow has warned Finland about the risks involved in its accession to NATO, an action with which the front will have 1,400 kilometers of common line with Russian territory.

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