Russia called it forced to stop the supply of electricity to Finland

A subsidiary of the Russian Inter RAO, RAO Nordic Oy, said that the cessation of electricity supplies to Finland was forced, since the country has not paid for electricity since May 6. May 6, the funds still have not arrived in our bank account. This situation is exceptional and occurred for the first time in more than twenty years of trading history,” the company’s website said in a statement. Earlier today, the Finnish company Fingrid, which manages the country’s electricity grid, announced that RAO Nordic Oy will suspend electricity supplies to Finland from 01:00 a.m. May 14. The company said in a statement that deliveries had been halted “due to difficulties in accepting payments.” At the same time, Fingrid said that nothing threatens the electricity market in Finland. According to Inter RAO (a single Russian operator for the export and import of electricity), at the end of 2021, electricity exports from Russia amounted to 21.77 billion kWh (the maximum for the last … .

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