RAO Nordic Oy, the European arm of the Russian energy company Inter RAO, announced this Friday (13) which will cut off the electricity supply to Finland from Saturday (13), alleging lack of payment.
“We are forced to suspend electricity imports from 13 of May”, the company said on its website.
The announcement was made amid heightened tensions between Russia and Finland, due to Helsinki having expressed its intention to join NATO.
RAO Nordic Oy said that it “has been importing energy from Russia to Finland and selling it to the (pan-energy) exchange. European) Nord Pool for many years” and that “sales made since May 6th has not yet been credited with funds to our bank account.”
“This situation is exceptional and has occurred for the first time in more than 20 years of our commercial history”, claimed the company.
“We hope that the situation will improve soon and that electricity trade with Russia can resume,” he added.
In April, the Finnish company Fingrid informed that it would limit the power transmission capacity on the border with Russia, which would reduce the import power of 1.3 thousand MW to 900 MW.
“This decision is based on an assessment of the risks to the energy system in the context of the changing international situation,” the company said, referring to the military conflict. initiated by Russia in Ukraine.
Inter RAO is the only ca operator of export and import of electricity in Russia, and its main customer has historically been Finland.
In 2021 alone, Russia supplied the neighboring country with 8.2 billion kWh from a total of 21,214 billions of kWh exported.