Russia will stop the supply of natural gas to Finland on Saturday. This has been announced by the Russian energy company Gazprom. This was announced by Finland's state-owned gas supplier Gasum on Friday. The reason is that Gasum has refused to pay for Russian gas in the Russian currency, rubles. This has been a demand from the Russian side.
- It is most regrettable that natural gas deliveries under our supply contract are now being stopped. However, we have carefully prepared for this situation. And given that there are no interruptions to the gas network, we will be able to supply all our customers with gas in the coming months, says Mika Wiljanen, CEO of Gasum, in a statement.
The company has arranged for additional deliveries from other partners. Gas accounts for approximately five percent of energy in Finland. Finland will be cut off from Russian gas at exactly 7:00 a.m. Saturday morning, Finnish time.
Gazprom is a Russian state-owned energy company. It has a monopoly on Russian exports through natural gas pipelines. Gasum already warned on Wednesday that Russia might cut off Finland from Russian gas. It specifically pointed to the disagreement over payment, which Finland refuses to pay in rubles.
Previously, Gazprom has stopped gas deliveries to other European countries such as Poland and Bulgaria. In these cases, too, the dispute over rubles was the reason.
Russia is believed to be demanding payment for gas in rubles to strengthen the currency, which has weakened after the Russian invasion of Ukraine.
Ritzau / Reuters
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