Russia to stop electricity distribution to Finland from this Saturday

RAO North OyEuropean dependence of Russian energy company Inter RAO, it said on Friday. will cut off the supply electricity a Finland for payment issues starting tomorrow.

“We are forced to suspend electricity imports from May 14,” the company said on its website. Tensions between Russia and FinlandTo grow after the announcement that it could join NATO.

RAO Nordic Oy stated that “it has been importing electricity from Russia to Finland for many years and selling it to Nord Pool”, noting that the sales since 6 May have not yet been transferred to our bank account.

“This situation is exceptional and It was the first time in our commercial history of more than twenty years”The company noted that due to a lack of cash income, they could not pay for electricity imported from Russia and had to cut off the supply.

“We hope that the situation will improve soon and electricity trade with Russia can be resumed,” he said.

Last April, Finnish network company Fingrid announced that it would limit power transmission capacity at the Russian border, which would reduce imported power from 1,300 MW to 900 MW.

“This decision is based on an assessment of the risks of the energy system in the context of the changing international situation,” the Finnish energy company said, referring to the military conflict initiated by Russia in Ukraine.

Inter RAO is the only electricity import and export operator in Russia and Its main customer has historically been Finland.

In 2021 alone, Russia supplied 8.2 billion kWh of the total 21.77 billion kWh exported to the neighboring country.

Source: Informacion

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