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Russia cuts off electricity to Finland amid growing international tensions


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SOURCE: https://www.foxbusiness.com/economy/russia-cuts-electricity-finland-international-tensions
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FAQ - New Privacy PolicyCheck out what's clicking on FoxBusiness.com.Russia said it would cut off electricity to Finland starting Saturday as it claims the country has not paid, a state-owned power company said.RAO Nordic, a subsidiary of Inter ROA, said it will stop exporting electricity to Finland without providing specifics amid larger tensions across Europe beset by the Russia-Ukraine War, Reuters reported."This situation is exceptional and happened for the first time in over twenty years of our trading history," RAO Nordic said in a statement, per the report.RUSSIA LOOKS TO CUT GAS SUPPLIES TO FINLAND AMID NATO BIDElectrical services, which account for 10% of the country’s total consumption, were discontinued "for the time being" at 1 a.m. local time, Finnish grid operator Fingrid said, according to the report. (AP Photo/Pablo Martinez Monsivais) (AP / AP Newsroom)The Finnish government said last month it would not pay for Russian gas supplies in rubles.Nord Pool did not confirm the rubles requirement, saying: "We have never had settlements in rubles, only in euros, Norwegian crowns, Swedish crowns and Danish crowns, in line with our standard procedures."KREMLIN CALLS FINLAND'S NATO MOVE A THREAT TO RUSSIAFinland, who has traditionally remained neutral, has sought to join NATO, further escalating tensions with Russia.Finnish Prime Minister Sanna Marin gives a press conference in Stockholm, Sweden, on April 13, 2022.

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