Electricity supplies from Russia to Finland were halted on Saturday, RAO Nordic said in a statement, explaining that it had received no payment for power provided to the country in May.
“Unfortunately, we are forced to note that for the volumes which have been sold on the Nord Pool exchange since May 6, funds have not yet been credited to our bank account,” said the company, which is a subsidiary of Russian state energy corporate Inter RAO.
The firm expressed hope that the situation would be resolved and trade could resume. RAO Nordic had reportedly been trading on the Nord Pool exchange for more than two decades.
“We hope that the situation will improve soon and the electricity trade with Russia can resume,” the corporation said.