Russia Stops Gas Supplies To Finland Over Payment Dispute

Russia Stops Finland Gas Flow

Gas imports through the Imatra entry point have been halted, according to a statement released by Gasgrid Finland on Saturday. Imatra is Finland’s entrance point for Russian gas.

This comes as a result of escalation in a dispute over energy payments in rubles with Western countries.

Because of sanctions implemented in response to Moscow’s invasion of Ukraine, Gazprom Export has requested that European nations pay for Russian gas shipments in roubles. Finland, on the other hand, declined.

Gazprom had warned that flows will be suspended from 04:00 GMT on Saturday, according to Gasum, a state-owned gas wholesaler in Finland.

Gasum also currently verified that the flow had ceased.

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It claimed in a statement that “natural gas supplies to Finland under Gasum’s supply contract have been cut off.”

“Starting from today, during the upcoming summer season, Gasum will supply natural gas to its customers from other sources through the Balticconnector pipeline.”

The Balticconnector connects Finland to the gas grid of Estonia.

On Friday, Gazprom Export said that flows will be terminated because Gasum had failed to comply with new Russian laws demanding payment in roubles.

Although Russia supplies the bulk of the gas used in Finland, gas accounts for just approximately 5% of the country’s yearly energy consumption.

Also Read: Russia Stops Gas Deliveries To Poland And Bulgaria Owing To Payments In Rubles