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Russia to cut off electricity to Finland

The decision was announced the day after Finland announced its intention to join NATO.

Finland buys about 10% of its electricity from Russia.

The lack of imports will be able to be compensated for in the electricity market by importing more electricity from Sweden, as well as at the expense of domestic production, said Reima Peivinen, Chief Operating Officer of Fingrid.

Until now, Finland plans to become self-sufficient in electricity supply from 2023.

Earlier, in early May, the Finnish energy company Fennovoima announced that it had terminated a contract with the Russian state-owned company Rosatom for the construction of a nuclear power plant on the west coast of Finland. The project in the north of the Gulf of Bothnia has been running since 2015, when construction of auxiliary buildings and infrastructure began. However, so far no state permit has been received for the construction of the power plant itself.

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