Russia has stopped electricity deliveries to Finland

Exports from Russia to Finland “are currently at zero, and this has been the case since midnight,” a Finnish official told AFP.

The threat was carried out. This Saturday, as planned, the company in charge of Russian electricity sales to Finland, RAO Nordic, stopped its energy deliveries to the country, an official from the Finnish electricity network operator told AFP. . Exports from Russia to Finlandare currently at zero, and this has been the case since midnight (21:00 GMT) as announced“Timo Kaukonen, an operations manager at Fingrid, the Finnish network operator, told AFP.

RAO Nordic Oy has been importing electricity from Russia to Finland and selling it on the Nord Pool Exchange for many years. Unfortunately, we are forced to note that for the volumes that have been sold on the Nord Pool exchange since May 6, the funds have not yet been credited to our bank account.“, said the company in a press release on Friday. Reporting a situation “exceptional“, RAO Nordic said to no longer be “able to make payments for electricity imported from Russia» and added to be «obliged to suspend the import of electricity from May 14“.

For their part, the Finnish authorities want to be reassuring: the electricity supply of the Nordic country “is not threatenedFingrid said Friday. “In recent times, electricity imported from Russia has covered about 10% of Finland’s total consumption“, specified the operator. Its vice-president, Reima Päivinen, noted that “the lack of electricity import from Russia will be compensated by importing more electricity from Sweden and producing more electricity in Finland“.

The various organizations do not specify whether this decision is linked to European sanctions weighing on the Russian economy. But, according to Eurostat, Finland’s dependence on its powerful eastern neighbor remains limited: in 2020, Russia accounted for 13.2% of Finland’s electricity imports, far behind Sweden – 85.3% of the total.

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