From 1 a.m. on Saturday, RAO Nordic, a subsidiary of Russian state energy holding Inter RAO, will suspend electricity imports to the Scandinavian country. Until further notice, direct or bilateral sales of electricity imported from Russia will be halted. This is due to payment issues for electricity sold on the open market.
“We are forced to suspend electricity imports beginning May 14,” the company said.
“RAO Nordic is unable to make payments for imported Russian electricity.”
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