Russia halts gas supplies to Finland

Russia halts gas supplies to Finland

The move comes after the state energy major failed to comply with Moscow’s ruble payment demand

Russia has halted natural gas deliveries to Finland after state energy major Gasum failed to make the required payment in rubles to continue future supplies, the Finnish gas system operator Gasgrid Finland said on Saturday. 

Gas imports through Imatra entry point have been stopped,” the statement read.

Earlier this week, Gasum announced that it will not comply with Russia’s new ruble-based gas payment scheme.

Finland imports the vast majority of its natural gas from Russia; however, this type of fuel accounts for only about 5% of the country’s energy use.

Nearly 30% of primary energy in Finland comes from firewood, while 22.5% is from oil, and 19% from nuclear energy, media reports, citing official figures.

In 2020, Russia supplied around 1.61 billion cubic meters of natural gas to Finland, and last year, the figure stood at 1.8 billion cubic…

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