Finland's electrical supply has been cut off by Russia.

RAO Nordic, Russia's largest electricity firm, has suspended electricity service to Finland from Saturday . The suspension is due to non-payment for the supplied electricity .

Moscow, Russia, May 13: RAO Nordic, Russia's largest electricity firm, has suspended electricity service to Finland from Saturday due to non-payment for the supplied electricity, according to TASS.RAO Nordic Oy said in a statement released on Friday that imports of electricity from Russia will be suspended until further notice due to delays in receiving payments for electricity sold on the market, according to Fingrid Oyj, the Finnish national electricity transmission grid operator.For many years, RAO Nordic Oy has been exporting electricity from Russia to Finland and selling it to the Nord Pool exchange.Unfortunately, we are compelled to clarify that funds haven't yet been debited to our bank account for the volumes that have been sold on the Nord Pool exchange since May 6th.

RAO Nordic is unable to make payments for imported electricity from Russia in the current state of insufficient cash income.Starting from the 14th of May, we will be unable to import electricity, according to them.RAO Nordic Oy has also confirmed that Sweden would compensate for the absence of electricity import from Russia.According to TASS, Finland will also see more electricity produced.

The amount of Finnish wind power production in particular is growing each year.An additional 2000 megawatts of new wind power is scheduled to be available this year alone.According to RAO Nordic Oy, Finland is expected to become self-sufficient in electricity generation by 2023, and that the electricity trade with Russia will resume soon enough.