A subsidiary of Inter RAO will stop supplying electricity to Finland

“Unfortunately, we are forced to state that for the volumes sold on the Nord Pool exchange since May 6, the funds have not yet been credited to our bank account [на бирже Nord Pool компания продавала электроэнергию, отмечается в заявлении]. This situation is exceptional and has occurred for the first time in over twenty years of our trading history,” the company said. “In the current situation with the lack of cash income, RAO Nordic is not able to pay for electricity imported from Russia.”

Nordic RAO explained that they are forced to suspend electricity imports from May 14. “We hope that the situation will improve in the near future and electricity trade with Russia can resume,” the company said.

Information about the suspension of electricity supply to Inter RAO is also confirmed RBC. Finnish power grid operator Fingrid promisedthat the interruption of the electricity supply will be compensated by the Swedish suppliers. In addition, Finland will increase electricity production.

Independent Finland

Representatives of the operator said that soon Finland should become an independent country in terms of electricity. In mid-April, Finland reduced electricity imports from Russia – in total, electricity imported from Russia accounted for 10% of total consumption in Finland.

The suspension of electricity from Russia to Finland came amid reports that the Finnish authorities getting ready apply to join NATO. At the same time, Finland is going to join NATO at the same time as Sweden. A formal decision on whether to apply for both countries to join the bloc is likely to be made by the president and government on May 15. The countries noted that the start of a military special operation in Ukraine prompted them to decide to join NATO.

The day before the edition of Iltalehti reportedthat Gazprom could cut Finland off from gas supplies on May 13th. Thus, Russia supposedly wants to respond to Finland’s intention to join NATO. The Finnish government suggests that gas supplies to Finland may stop until May 23. Press Secretary of the President of Russia Dmitry Peskov saidthat the information of the Finnish edition is, “most likely, just another newspaper duck.”

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