Russia Halts Gas Supplies to Finland

A model of the natural gas pipeline is seen in front of displayed Finnish and Russian flag colors in this illustration taken April 26, 2022. REUTERS/Dado Ruvic/Illustration
A model of the natural gas pipeline is seen in front of displayed Finnish and Russian flag colors in this illustration taken April 26, 2022. REUTERS/Dado Ruvic/Illustration
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Russia Halts Gas Supplies to Finland

A model of the natural gas pipeline is seen in front of displayed Finnish and Russian flag colors in this illustration taken April 26, 2022. REUTERS/Dado Ruvic/Illustration
A model of the natural gas pipeline is seen in front of displayed Finnish and Russian flag colors in this illustration taken April 26, 2022. REUTERS/Dado Ruvic/Illustration

Russia on Saturday halted providing natural gas to neighboring Finland, which has angered Moscow by applying for NATO membership, after the Nordic country refused to pay supplier Gazprom in rubles.

Natural gas accounts for about eight percent of Finland's energy consumption and most of it comes from Russia, AFP said.

Follwing Russia's February 24 invasion of Ukraine, Moscow has asked clients from "unfriendly countries" -- including EU member states -- pay for gas in rubles, a way to sidestep Western financial sanctions against its central bank.

Finnish state-owned energy company Gasum said it would make up for the shortfall from other sources through the Balticconnector pipeline, which connects Finland to Estonia, and assured that filling stations would run normally.

"Natural gas supplies to Finland under Gasum's supply contract have been cut off," the company said in a statement.

Gasum said Friday that it had been informed by Gazprom Export, the exporting arm of Russian gas giant Gazprom, that the supply would stop on Saturday morning.

In April, Gazprom Export demanded that future payments in the supply contract be made in rubles instead of euros.

Gasum rejected the demand and announced on Tuesday it was taking the issue to arbitration.

Gazprom Export said it would defend its interests in court by any "means available".

Gasum said it would be able to secure gas from other sources and that gas filling stations in the network area would continue "normal operation."

In efforts to mitigate the risks of relying on Russian energy exports, the Finnish government on Friday also announced that the country had signed a 10-year lease agreement for an LNG (liquefied natural gas) terminal ship with US-based Excelerate Energy.

On Sunday, Russia suspended electricity supplies to Finland overnight after its energy firm RAO Nordic claimed payment arrears, although the shortfall was quickly replaced.

Finland, along with neighboring Sweden, this week broke its historical military non-alignment and applied for NATO membership, after public and political support for the alliance soared following Russia's invasion of Ukraine.

Moscow has warned Finland that any NATO membership application would be "a grave mistake with far-reaching consequences".



Iran's President Says Tehran Has to Deal with Washington

Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)
Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)
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Iran's President Says Tehran Has to Deal with Washington

Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)
Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)

Iran's President Masoud Pezeshkian said Tehran will not be able to ignore its arch-foe the United States and needs to "handle its enemies with forbearance", state media reported on Tuesday, a week after Donald Trump won the US presidential election.

"Whether we like it or not, we will have to deal with the US in the regional and international arenas, so it is better to manage this relation ourselves," Pezeshkian, who is viewed as relatively moderate, said.

"We have to treat our friends with generosity and handle our enemies with forbearance."

In 2018, then-President Trump ditched Tehran's 2015 nuclear deal with world powers and re-imposed harsh sanctions as part of his "maximum pressure" policy against Iran.

While there have been no reports that the Trump administration plans to hold talks with Tehran after it takes office in January, the President-elect said during his election campaign "I don't want to do damage to Iran but they cannot have nuclear weapons."

Indirect talks between Washington and Tehran to revive the nuclear deal were initiated under the administration of US President Joe Biden, but failed. Iran is still formally part of the deal but has scaled back commitments to honor it due to US sanctions re-imposed on Iran.

Earlier on Tuesday, government spokesperson Fatemeh Mohajerani said Iran will pursue whatever secures its interest, when asked if there could be direct talks with the Trump administration.

She cautioned that the final decision for talks rests with the top political figure Ali Khamenei and the Supreme National Security Council.

"The maximum pressure campaign of Trump has failed, even if people have been burdened by it. What is important will be actions and not words, but we recommend Trump to take into account the failure of his past policies," Mohajerani added.