Gazprom: Cuts off gas flow to Finland

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Gazprom has informed Finland that it will stop the flow of gas from Saturday morning, the Finnish state gas company, Gasum, announced today.

Gasum refused to pay Gazprom Export in rubles, as Russia demanded European countries do.

“It is very sad that the gas supplies under our supply contract will stop now,” said Gasum CEO Mika Wiljanen.

“However, they have been carefully prepared for this situation and provided there are no interruptions in the gas transmission network, we will be able to supply all our customers with gas in the coming months,” he added.

The interruption of the supply is scheduled for 04: 000 (GMT) on May 21.

Gasum has said it will continue to supply gas to Finnish customers from other sources through the Balticconnector pipeline connecting Finland to Estonia.

A week ago, moreover, electricity exports from Russia to Finland also stopped. The company responsible for the sale of Russian electricity to Finland, RAO Nordic, had announced its intention to suspend its deliveries, citing overdue debts, as Finland prepares to announce its candidacy for NATO membership.

It should be noted that Russia provides 10% of the electricity consumed by Finland.

Slovakia: Paid in euros for gas imports from Russia

Slovak state gas import company (SPP) announced that it had paid in euros for Russian gas and that it had opened an account with Gazprombankaccording to its president and CEO Richard Prokipchak.

The European Commission explained in a directive this week how EU member states can continue to buy Russian gas without violating the sanctions imposed on Russia for its invasion of Ukraine.

“We paid our debt to Gazprom in euros,” Prokipczak said in an interview with Slovak state television RTVS, explaining that the payment was made on May 17th.

“It was done in euros because the bill itself was issued in euros by Gazprom. Then the money was sent to Gazprom’s account and I have received confirmation that they have been received,” he said.

Source: Capital

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