Russia will cut off natural gas to Finland after the Nordic country refused President Vladimir Putin's demand to pay in rubles, the Finnish state-owned energy company said Friday.
Russia will cut off natural gas to Finland after the Nordic country refused President Vladimir Putin's demand to pay in rubles, the Finnish state-owned energy company said Friday. The cutoff, coming the same week that Finland applied for NATO membership, is the latest escalation over European energy amid theFinland is the most recent country to be cut off from an energy supply that is used to generate electricity and power industry.
The European Commission, the European Union's executive arm, has said that countries making a payment in the currency listed in their contracts and formally signaling that the payment process is concluded is acceptable under EU sanctions. But it says that opening a second account in rubles would breach them.
CEO Mika Wiljanen called the cutoff"highly regrettable." However,"provided that there will be no disruptions in the gas transmission network, we will be able to supply all our customers with gas in the coming months," Wiljanen said. According to Gasum, Russian state-owned energy giant Gazprom said in April that future payments in the supply contract be made in rubles instead of euros.Earlier this week, Finland and neighbor Sweden formally applied to join the NATO military organization, marking one of the biggest geopolitical ramifications of Russia's war on Ukraine that could rewrite Europe's security map.on Thursday and offered U.S.
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Russia Prepares To Cut Gas Supplies To Finland Days After NATO ApplicationI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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