Russian energy supplier RAO Nordic Oy cut off electricity supply to Finland early Saturday, accusing the country of not making payments on past bills.
“We are forced to note that for the volumes which have been sold on Nord Pool exchange since the 6th of May funds have not yet been credited to our bank account. This situation is exceptional and happened for the first time in over twenty years of our trading history.
“Unfortunately, in the current situation of lack of cash income, RAO Nordic is not able to make payments for the imported electricity from Russia. Therefore we are forced to suspend the electricity import starting from 14th of May,” RAO Nordic said in a May 13 announcement.
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