News, Uncategorized

RUSSIA HALTS GAS SUPPLY TO FINLAND OVER PAYMENT DISPUTE, NATO

…Cutoff of gas shipments follows Helsinki’s application to join the NATO defense alliance.


Russia’s Gazprom on Saturday shut off gas exports to Finland, marking an escalation in tensions between the two countries following Helsinki’s bid to join the NATO defense alliance.

Pipes at the Gasum plant in Imatra, Finland, on May 12, 2022 | Vesa Moilanen/AFP via Getty Images



DCO Global News
Published on May 21, 2022
By Odoh Dominic Chukwuemeka

Finnish President Sauli Niinistö, Russian President Vladimir Putin


Nordic gas provider Gasum confirmed that Russia had halted supplies to neighboring Finland and that the company would “supply natural gas to its customers from other sources” over the coming months, including through the Balticconnector, a pipeline running between Finland and Estonia.

The move to cut off Finland from Russia’s gas resources is also seen as a response to Helsinki’s refusal to pay for Russian gas in rubles, as had been demanded by the Kremlin.


On Thursday, Helsinki provoked the ire of the Russian government by applying to join the NATO military alliance, with Russian President Vladimir Putin warning that the move would be a “mistake.”

Russia had already halted electricity deliveries to Finland last weekend, as relations between the two countries soured amid Finland’s indications that it would seek NATO membership in reaction to Putin’s invasion of Ukraine.

Finland’s electricity grid operator, Fingrid, said it won’t be difficult to replace Russian power imports.


“The lack of electricity import from Russia will be compensated by importing more electricity from Sweden and by generating more electricity in Finland,” Fingrid said.


Finland has also been moving to end imports of Russian coal and oil.


By Odoh Dominic Chukwuemeka

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