Russia Could Cut Gas Supplies To Finland Tomorrow

OilPrice.com | May 12, 2022 at 4:00 PM
  • Hours after Moscow warned there would be retaliation for Helsinki’s announcement that it is applying for NATO membership, Finnish media reports that the Kremlin threatened to cut the country off from Russian gas by Friday.
  • Prior to this warning, the local media outlet noted expectations that Finland would be cut off from Russian gas after May 23rd, when its next contract payment with Gazprom comes due and the country refuses to pay in rubles.
  • Between 60% and 70% of Finland’s natural gas comes from Russia, though the country’s main sources of energy are oil, biomass and nuclear power.