Finland's transmission system operator says Russian company halted electricity imports on Saturday

Finland’s transmission system operator says Russian company halted electricity imports on Saturday

A Finnish transmission system operator announced on Friday that a Russian energy company would cut off its electricity imports to Finland from the next day.

From Saturday at 1 a.m., a subsidiary of the Russian company Inter RAO will cut off electricity imports to Finland, Fingrid announced in a press release.

“Due to problems receiving payments for electricity sold on the market, direct or bilateral sales of electricity imported from Russia will be halted until further notice,” subsidiary RAO Nordic Oy wrote in a message to the market. . “The trade is intended to continue when the payment issues have been resolved.”

However, Fingrid noted that limiting Russian electricity imports would not cause disruption for Finland, noting that Russian electricity accounts for 10% of the country’s consumption.

“The lack of electricity imports from Russia will be compensated by importing more electricity from Sweden and producing more electricity in Finland,” said Reima Päivinen, senior vice president of power system operations at Fingrid, in a statement. a statement.

The development comes as Finland’s top leaders are urging the country to join NATO.

A senior Kremlin spokesman said Finland’s joining the military alliance would be a threat to Russia.

“As we have said many times before, NATO enlargement does not make the world more stable and secure,” Dmitry Peskov said on Thursday.

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