Fingrid, the company that controls the electricity grid in Finland, confirmed that power supply from Russia was cut off on Saturday night..

This, according to "

RAO Nordic, a subsidiary of the Russian energy company Inter RAO, announced that it will not supply electricity to Finland from May 14.

Reima Paivinen, Fingrid's chief operating officer, says RAO Nordic's reported supply cuts are due to payment difficulties. Paivinen cannot assess in more detail what is behind this and whether this step is related to sanctions.

According to Fingrid, the end of the supply of Russian electricity does not threaten consumers. Missing imports can be replaced by importing more electricity from Sweden and partly through domestic production.

According to Paivinen, the impact on the consumer can be predominantly indirect..

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However, at first, the price increase is likely to be observed mainly in the exchange prices for electricity.. Paivinen recalls that most "

Electricity from Russia accounts for 10% of Finland's consumption.