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Finland defaults on debt for electricity, Russia Shuts them off!

Finland defaults on debt for electricity, Russia Shuts them off!

The country of Finland has defaulted on debt for electricity to Russian supplier, RAO.

As of Saturday, May 14, Russia halted electric supply to Finland due to the unpaid debt, reducing Finland's national electric supply by a full ten percent.

RAO Nordic, a subsidiary of the Russian company Inter RAO, announced its intention to cut off the supply of electricity a day earlier.

(HT REMARK: You don’t pay your bill you don’t get the product.)

 

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