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Company responsible for Russian electricity sales to Finland stops deliveries

Electricity exports from Russia to Finland ceased during the night of May 13 to 14 after an announcement to that effect by a Russian supplier, an official from the Finnish electricity network operator told AFP.

The company responsible for Russian electricity sales to Finland, RAO Nordic, announced on May 13 its intention to stop deliveries on May 14, citing unpaid bills. The company said the electricity shortage would be compensated by supplies from Sweden and increased domestic generation.

Exports from Russia to Finland “are currently at zero, and this has been the case since midnight as announced,” Timo Kaukonen, an operations manager at Fingrid, the Finnish network operator, told AFP. The network is in balance thanks to imports from Sweden, according to the real-time map of Fingrid, which announced on May 13 that it could do without Russian electricity “without difficulty”. Finland has so far imported around 10% of its total electricity consumption from its large Russian neighbour.

RAO Nordic, a Helsinki-based subsidiary of Russian firm InterRAO, justified the shutdown by saying it had not received payment for electricity supplied to Finland since May 6. The company did not say whether these settlement issues were related to European sanctions targeting the Russian economy.

A first for twenty years, according to the Russian company RAO Nordic

In a press release quoted by the TASS agency, the company expresses itself in these terms: “RAO Nordic Oy has been importing electricity from Russia to Finland for many years and sells it on the Nord Pool exchange. We regret to note that we have still not received payment in our bank account for the volumes sold on Nord Pool since May 6. This situation is exceptional and it is the first time in more than twenty years in the history of our commercial exchanges.” “In the current situation, characterized by the absence of income, RAO Nordic Oy is unable to pay for electricity imported from Russia. Consequently, we have been forced to suspend electricity imports from May 14,” the text further specifies. At the same time, the company expressed hope that supplies from Russia would resume as soon as possible.

This announcement comes in a context of rising tensions between Moscow and Helsinki, which announced – like Sweden – its desire to join NATO “without delay” under the influence of the Russian military intervention. in Ukraine. The announcement of the Finnish candidacy is expected on May 15, during a press conference by President Sauli Niinistö and Prime Minister Sanna Marin. For the time being, Turkey has already announced that it is against such membership.

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