"It is highly regrettable that natural gas supplies under our supply contract will now be halted," Gasum CEO Mika Wiljanen said in a statement.
In April, Gazprom Export demanded that future payments in the supply contract be made in rubles instead of euros, but Gasum rejected the demand and announced on Tuesday it was taking the issue to arbitration.Queried about the matter, Kremlin spokesman Dmitry Peskov today referred reporters to Gazprom for"details" but said that"it is obvious that nobody is going to deliver anything for free".
On Sunday, Russia suspended electricity supplies to Finland overnight after its energy firm RAO Nordic claimed payment arrears, although the shortfall was quickly replaced.
Source: News Formal (newsformal.com)
Finland has nuclear power for electricity thank God...Only 5% of energy mix is gas...They will get LNG from the US....
With the drop in the Dollar and Euro and the Rouble are a 5 year high the Russians are insisting in been paid in roubles . Hopefully the Finnish government wasn’t stupid enough to apply to join anti Russian alliance and have an no alternative energy supply
Russia is making a killing in oil and gas...Whatever happened to the EU oil sanctions...Hungary said no and the EU sort of dropped the idea...
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