Advertisement

Russia cuts its electricity supply to Finland

  • Web Desk
  • Share

Father-son duo steals electricity worth almost Rs149 million

Advertisement

Russia has halted power shipments to Finland, according to Fingrid, a Finnish energy company.

The supply was essentially cut at 12 a.m. CET on Saturday, according to Reima Päivinen, Fingrid’s Senior Vice President of Power System Operations.

He went on to say that the suspension had no effect on the market and that Finland could “cope” with the drop because Russian electricity only accounts for a small portion of the country’s total consumption.

“We’re also approaching summer, when less electricity will be required,” Päivinien said.

He added that he was “certain” there would be no serious issues next winter.

Advertisement

Fingrid announced on Friday that Russia was suspending power exports owing to payment issues.

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Israel returns 30 bodies of slain Palestinians as new strikes hit Gaza
British King revokes Prince Andrew’s title amid scandal
India’s gold market flips to discount as post-festival demand cools
Saudi Arabia tightens visa rules for Umrah pilgrims
Death toll rises to 13 as floods devastate central Vietnam
US and India sign 10-year defense pact under new strategic framework
Next Article
Exit mobile version