The Russian energy company Inter RAO has cut off the electricity supply to Finland through its subsidiary RAO Nordic Oy. Alleges “problems receiving Payments by electricity sold“, has reported fingridthe Finnish company that manages the electrical network. Inter RAO is the only electricity import and export operator in Russia, and its main client has historically been Finland: electricity imported from Russia accounts for around 10% of the total consumption of the Nordic country.
RAO Nordic Oy had warned on Friday that it was “forced to suspend the import of electricity from may 14“, at a time when tensions between Russia Y Finland grow: the Nordic country announced its willingness to join NATO. The Kremlin considers accession to the Atlantic Alliance a “threat” and warned that it would be “forced to adopt military response measures” to guarantee its “national security”.
The subsidiary has assured that it has been “importing electricity from Russia to Finland and selling it to the Nord Pool stock market for many years”, but that the sales made since May 6 “have not yet been accredited with money in its Bank account“.
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“We hope that the situation will improve soon and that electricity trade with Russia can be resumed,” the subsidiary of the Russian company added. For its part, Fingrid has stated that the supply “is not threatened” by this decision because it represents a 10% of Finland’s consumption.
“The imports that are missing can be replaced on the electricity market by importing more electricity from Sweden and partly also through domestic production,” Fingrid Vice President of Operations Reima Päivinen said in a statement.