The latest on the Russia–Ukraine crisis, May 14. Click here for updates from May 13.
Russia Halts Electricity Supply to Finland
Russian state-owned utility Inter RAO has halted electricity supply to Finland on Saturday because it has not been paid.
The company’s Finnish subsidiary said in a statement on Friday that Inter RAO has not received payments for electricity sold via pan-European power exchange Nord Pool since May 6.
“This situation is exceptional and happened for the first time in over twenty years of our trading history,” RAO Nordic, said in a statement.
Power imports will be halted at 1 a.m. local time on Saturday (2200 GMT on Friday), Finnish grid operator Fingrid said in a separate statement, citing RAO Nordic, “for the time being.”
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