RAO Nordic Oy will stop the supply of electricity to Finland

"Unfortunately, we are forced to note that for the volumes which have been sold on Nord Pool exchange since the 6th of May funds have not yet been credited to our bank account. This situation is exceptional and happened for the first time in over twenty years of our trading histor, - the company said. - Unfortunately, in the current situation of lack of cash income, RAO Nordic is not able to make payments for the imported electricity from Russia. Therefore we are forced to suspend the electricity import starting from 14th of May. We hope that the situation will get improved soon and the electricity trade with Russia could resume."