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Wealthlandnews May 15, 2022
Updated 2022/05/15 at 1:06 PM

The Finnish-Russian Imatra border crossing is pictured in Imatra, south-eastern Finland, on May 13, 2022. – For many Finns living on the border to their eastern neighbour, signs of Finland applying to join NATO have been welcomed with relief. (Photo by Alessandro RAMPAZZO / AFP)
Russia suspended electricity supplies to Finland overnight after its energy firm RAO Nordic threatened to cut off supplies over payment arrears, an official for Finland’s grid operator told AFP on Saturday.
“It is at zero at the moment, and that started from midnight as planned,” Timo Kaukonen, manager for operational planning at Fingrid, said.
RAO Nordic had Friday said it would suspend supplies, citing problems with payments, as Helsinki prepares to announce its application for NATO membership in the wake of Moscow’s invasion of Ukraine.
But the shortfall was being made up by imports from Sweden. Finland imports about 10 percent of its power from Russia.
RAO Nordic says it has not been paid for electricity since May 6 but has not spelled out if this was linked to European sanctions against Russia.
Moscow’s February 24 invasion has swung political and public opinion in Finland and Sweden in favour of NATO membership as a deterrent against Russian aggression.
Both countries have long cooperated with the Western military alliance and are expected to be able to join it quickly.
NATO chief Jens Stoltenberg has repeatedly said they would be welcomed “with open arms”.

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