Finnish transmission system operator says Russian company will stop electricity imports on Saturday

A Finnish transmission system operator announced Friday that a Russian energy company would stop importing electricity to Finland from the following day.

From Saturday at 1 a.m. local time, a subsidiary of the Russian Inter RAO company will stop importing electricity to Finland, Fingrid announced in a press release.

“Due to difficulties in receiving payments for electricity sold on the market, further direct or bilateral sales of electricity imported from Russia will be halted until further notice,” the subsidiary, RAO Nordic Oy, wrote in a market release. “Trade is meant to continue when payment issues are resolved.”

Fingrid noted, however, that the restricted imports of Russian electricity would not cause any disruption to Finland, noting that Russian electricity accounts for 10 percent of the country’s consumption.

“The lack of electricity imports from Russia will be compensated by importing more electricity from Sweden and generating more electricity in Finland,” Reima Päivinen, senior vice president of energy system operations at Fingrid, said in a statement.

The development comes as top Finnish leaders urge the country to join NATO.

A top Kremlin spokesperson said Finland’s entry into the military alliance would pose a threat to Russia.

“As we have said many times before, NATO enlargement does not make the world more stable and secure,” Dmitry Peskov said on Thursday.

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