Russian power exports to Finland halted over NATO bid

Russian energy exports to Finland halted over NATO bid

Russian state-run energy utility Inter RAO is ceasing transmission throughout the border into Finland, saying it has not been paid since final week.

“This state of affairs is outstanding and occurred for the primary time in over twenty years of our buying and selling historical past,” RAO Nordic, the utility’s Finnish subsidiary, mentioned in an announcement.

No motive for the dearth of cost was given, however the cutoff comes amid rising tensions as Finland prepares to affix NATO — a transfer Russia has mentioned will immediate retaliation.

Finnish grid operator Fingrid mentioned that the lack of Russian energy won’t have an effect on the nation’s electrical infrastructure.

“Missing imports might be changed within the electrical energy market by importing extra electrical energy from Sweden and in addition by home manufacturing,” Fingrid mentioned in an announcement.

The logo of Russian energy company Inter RAO UES.
Inter RAO is ceasing transmission throughout the border into Finland.
Sergei Karpukhin/REUTERS

Fingrid estimated that Russian energy accounted for some 10% of Finland’s vitality utilization.

With Post wires

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