Following the international sanctions imposed on Russia due to the invasion of Ukraine, the Russian electricity export company lost today the opportunity to sell its product to customers in the Baltic countries.
“This is an important step on our path to energy independence,” said Lithuanian Energy Minister Dainius Krevis.
On Friday, the Nord Pool Energy Exchange informed Russia’s InterRAO that it was no longer allowed to sell electricity to the three Baltic states. For years, Latvia, Lithuania and Estonia have been trying to gain energy independence from Moscow by increasing their own production and building infrastructure to connect with Scandinavia and other neighboring countries. Electricity imports from Russia to Latvia and Lithuania, which previously stood at 1,300 megawatt-hours per year, fell to 300 last year and have stopped altogether.
Latvia last imported electricity from Russia in early May. Lithuania and Estonia stopped buying today.
“We refuse to import energy resources, as we refuse to finance the attacker,” the Lithuanian minister added.
Last year, 17% of Lithuania’s imported electricity came from Russia.
SOURCE: AMPE
Source: Capital
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