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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by DailyMail:

Finland was preparing for Russia to cut off electricity supplies early today due to its failure to pay the provider.

Russian state-owned power firm Inter RAO will stop exports because it has not been paid for energy sold via the pan-European exchange Nord Pool since May 6. No reason was given for the non-payment.

The article goes on to state the following:

It comes as Finland prepares for Moscow to cut gas supplies in retaliation for the country making moves to join Nato.

According to Finnish subsidiary RAO Nordic, “This situation is exceptional and happened for the first time in over 20 years of our trading history.”

Finnish grid operator Fingrid said just 10 per cent of Finland’s power needs are supplied by Russia.

“Missing imports can be replaced in the electricity market by importing more electricity from Sweden and also by domestic production,” Fingrid explained.

To get more information about this article, please visit DailyMail.

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  1. Oh so this is the reading Finland wants into nato- hadn’t been paying it’s bills!! Will it pay its yearly nato bill? Hmmm

  2. Finland has been pushing electric car sales big time there for some years. I had read though that they had plenty of hydro power from rivers etc, not that they were importing any.
    As someone who is invested in oil / gas pipelines and container / bulk / tanker shipping companies, at least for once I’m not getting the shaft due to a conflict overseas.


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