Russia to suspend electricity deliveries to Finland

Russia will suspend electricity deliveries to Finland from Saturday due to unpaid bills, supplier RAO Nordic Oy, 100% owned by Russian company InterRAO, announced on Friday.

Russia to suspend electricity deliveries to Finland

Russia will suspend electricity deliveries to Finland from Saturday due to unpaid bills, supplier RAO Nordic Oy, 100% owned by Russian company InterRAO, announced on Friday.

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This announcement comes against a backdrop of rising tensions between Moscow and Helsinki, which has announced its desire to join NATO "without delay" under the influence of the Russian offensive in Ukraine. An intention seen with a very bad eye by Moscow which has already threatened a “military-technical” response.

Helsinki-based RAO Nordic Oy has not received payment for electricity supplied to Finland since May 6, the group said in a statement, citing a lack of means to pay for electricity imported from Russia.

“This situation is exceptional and takes place for the first time in more than 20 years,” the statement said.

“We are therefore obliged to suspend the import of electricity from May 14,” explains the supplier.

“We hope that the situation will soon improve” and deliveries from Russia will resume, adds the group.

The President and Prime Minister of Finland said they were in favor of joining NATO "without delay" on Thursday, adding that the Nordic country's decision would be announced to the organization on Sunday.

Finland's entry into NATO would "definitely" be a threat to Russia, the Kremlin reacted. Russian diplomacy has affirmed for its part that Russia will be "obligated to take reciprocal, military-technical and other measures, in order to put an end to threats to its national security", in the event of Finland's accession.

The main importer of electricity from Russia to the Nordic markets, RAO Nordic has been operating in the European Union since 2002.


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