Russia's Inter RAO says Nord Pool will halt trade for its subsidiaries

INTER RAO Lietuva AB

20/05/2022 17:55

May 20 (Reuters) - Russian utility Inter RAO  IRAO.MM  said
on Friday that pan-European exchange Nord Pool has sent a
notification that it will stop trade operations for its
subsidiaries from Sunday due to risks of failure to pay for
power supplies from Russia.
    Inter RAO, Russia's sole exporter of power, has stopped
exporting power to Finland from last week "for the time being"
as it had not been paid for power sold via Nord Pool since May
6.  urn:newsml:reuters.com:*:nL5N2X54YV
    Inter RAO has not elaborated on the reasons for the absence
of payments.

 (Reporting by Reuters, Editing by Louise Heavens)