A Russian company trading in electricity will suspend the import of electricity to Finland on Saturday at 1 a.m. The company has said that trading in electricity imported from Russia will be suspended for the time being due to difficulties in receiving payments for electricity sold to the market.

Finnish grid company Fingrid In its press release, Finland says that the adequacy of electricity in Finland is not threatened. Electricity has recently been imported from Russia for about ten percent of Finland’s total consumption.

“Missing imports can be replaced in the electricity market by importing more electricity from Sweden and partly also by domestic production,” says Fingrid’s Senior Vice President, Operations. Reima Päivinen .

According to Fingrid, Finland’s self-sufficiency in electricity production is constantly growing, especially as domestic wind power production is growing year by year. This year alone, 2,000 megawatts of new wind power is expected to meet demand. According to Fingrid’s estimates, Finland will be self-sufficient in electricity as early as 2023.

The Russian has traded in electricity on 400 kV connections Inter RAO:n subsidiary RAO Nordic Oy.