Russia To Cut Electricity Supplied To Finland Saturday On Heels Of Announced NATO Bid | ZeroHedge

“This situation is exceptional and happened for the first time in over 20 years of our trading history,” RAO Nordic added.

The unprecedented stoppage comes immediately on the heels of Finland's prime minister and president in a joint announcement Thursday affirming the Scandinavian country's intent to apply for NATO membership. Sweden too has been coordinating with Helsinki over joining the Western military alliance.

Given Finland relies on Russia for 10% of its electricity supply, the stoppage is not expected to have significant effect – also as nuclear power accounts for over 35% of Finland's electricity needs among five operating nuclear reactors.

The Finnish electricity network operator said it has contingency plans in place:

“We're prepared for this and it won't be difficult. We can make do with a bit more imports from Sweden and Norway,” Fingrid's manager for operational planning Timo Kaukonen told AFP.