Russia could halt gas supplies to Finland – media

Russia could halt gas supplies to Finland – media

Russia could stop providing Finland with natural gas due to the country’s bid to join NATO, Finnish newspaper Iltalehti reported on Thursday, citing unnamed sources. According to the publication, it could happen as early as Friday, May 13.

The newspaper notes previous concerns among the Finnish public that Russia could turn off the gas on May 23, the due date for the next payment. The country’s Minister for European Affairs Tytti Tuppurainen told the Helsingin Sanomat newspaper recently that Finland did not intend to agree to Russia’s new ruble-based gas payment scheme.

Finnish Defense Minister Antti Kaikkonen commented on the matter in a live interview with the Iltalehti daily in Parliament on Thursday, saying “it's a pretty good question from which direction the gas might be cut.”

Ville Tavio, chairman of the Basic Finnish Parliamentary Group, went on to add that Finnish politicians had been informed of various forms of Russian retaliation if Finland fails to comply with Moscow’s new payment mechanism, and when asked whether Russia could cut off gas supplies to Finland before May 23, he stated: “preparations have been made for this and it is expected that this can happen.”

However, another member of Parliament and head of the “Movement Now” party, Harry “Hjallis” Harkimo, while also confirming that such a potential exists, said the cut could happen sooner due to Finland’s NATO membership aspirations.

“What I'm worried about is Russia's retaliation. When we don’t pay rubles to buy natural gas, it will be cut off on the 23rd. It can be cut off any day, but now also as a countermeasure to NATO,” Harkimo was quoted as saying.

Discussions on Finland's accession to NATO intensified at the beginning of April, amid Russia’s military operation in Ukraine. Some members of the alliance have supported the idea, and most members of the Finnish Parliament have voted in favor of accession. On May 12, Finland's President and Prime Minister Sauli Niiniste and Sanna Marin endorsed the application to join NATO. According to the two officials, the country’s entry into the alliance will increase its defense capabilities. On May 13, the Finnish Parliament is expected to release a cross-party analysis of the situation, and on May 15, the ruling Social Democratic Labor Party is scheduled to make a decision on joining the alliance.

Russia strongly opposes Finland’s NATO accession plans and is ready to take retaliatory steps, including “military-technical” ones, Russian Foreign Ministry said on Thursday. According to the statement, Finland’s entry into the alliance “will cause serious damage to bilateral Russian-Finnish relations” and jeopardize security in the region.

For more stories on economy & finance visit RT's business section

Source: www.rt.com

The last notes - Экономика

most read news

#Экономика

Electricity prices in Germany are expected to jump to record highs next year, the Neue Osnabrucker Zeitung newspaper reported on Friday, citing the country’s local public utilities association
подробнее...

Russia has huge natural gas reserves that could last for more than a century, the head of state-owned Gazprom, Alexey Miller, said on Wednesday at the International Business Congress. “Our consumers,
подробнее...

One in six Italians, or up to nine million people, could sink into energy poverty due to soaring bills across the EU, Italy’s ANSA news agency reported on Saturday, citing the Italian General
подробнее...

The finance ministers of the Group of Seven influential nations announced on Friday their intention to ban maritime services transporting Russian oil if its price is not approved by ‘international
подробнее...

The Central Bank of Russia (CBR) is considering creating a compensation fund for local investors whose assets have been frozen by Western nations, Governor Elvira Nabiullina said on Thursday during
подробнее...

Russian energy major Gazprom's stock jumped 31% on Wednesday to 267.25 rubles per share (just over $4.43) on the Moscow Exchange, following the company’s announcement of bumper profits and dividend
подробнее...

Washington has imposed restrictions on the sale of certain high-tech computer chips to Russia and China, a number of US media outlets reported on Thursday, citing two major US chipmakers, Nvidia and
подробнее...

Japanese automaker Toyota has decided to shut down its plant in St. Petersburg, Russia's Ministry of Industry and Trade said in a statement on Friday.The company vowed to fulfill all of its social
подробнее...

Major European ports have signaled their readiness to facilitate the export of Russian fertilizers, UN Secretary-General Antonio Guterres said in an interview with RIA Novosti, published on
подробнее...

Nicaragua is ready to explore the use of the Mir payment system, developed by Moscow in response to Western sanctions, and allow the use of Russian credit and debit cards in the country, its minister
подробнее...

The Bank of Russia (CBR) is against the legalization of crypto-exchanges, exchangers and settlements in cryptocurrency within the country, RIA Novosti reported on Monday, citing the regulator’s press
подробнее...

One of Russia’s top banks, VTB has become the first lender in the country to launch money transfers to China in yuan, sidestepping the Western-controlled global financial messaging system SWIFT.“The
подробнее...

The proposal by the EU to place a price cap on Russian natural gas imports is a foolish, non-market-oriented plan that has no future, Russian President Vladimir Putin said on Wednesday.“Faced with
подробнее...

The share of Russian gas in the European Union market has plummeted from 50% to 9% since the beginning of the current year, French President Emmanuel Macron said on Monday. Russian gas imports by EU
подробнее...

The Moldovan government has launched a special website which will help citizens find firewood to heat their homes, authorities announced this week.“The site provides information about the nearest
подробнее...

Ukraine is ready to provide up to 30 billion cubic meters of his country’s gas storage facilities to the EU member states, according to the country’s Prime Minister Denis Shmigal.“We can offer our
подробнее...

The intense pressure placed on Russia by Western sanctions has forced the country to ramp up efforts to launch new factories and enterprises, according to Executive Director of the Russian-Chinese
подробнее...

Sri Lankan Transport Minister Bandula Gunawardane on Saturday apologized on the behalf of his country for detaining a Russian plane earlier this year that caused Moscow to suspend flights to the
подробнее...