Victor vicktop55 commentary
@vick55top
·
Nov 2
Russia is terminating its energy agreement with Finland on the Vuoksi River.
Due to Finland's unilateral refusal to purchase Russian electricity (effective April 4, 2022), it will no longer receive compensation energy under the 1972 agreement related to the construction of the Svetogorsk hydroelectric power station.
🔹RIA Novosti
https://x.com/vick55top/status/1985005881835057253
🌐geopolitics in the picture
🌐🇷🇺🇫🇮 Russian energy strike to the heart of Finland: The end of the Vuoksi era and the shadow of the Cold War.
On Sunday morning, as Europe woke up to the cold November light, another signal of escalating tensions came from Moscow:
Russia has officially canceled a long-standing agreement on the shared use of energy on the Vuoksi River.
The move, signed by Russian Prime Minister Mikhail Mishustin, is not just a technical formality - it is a geopolitical reference to Finland's entry into NATO, sanctions and the end of an era of pragmatic cooperation between neighbors.
What is behind this decision?
And what impact will it have on Finland's energy sector and ecosystem?
The 1972 agreement was a light in the tunnel of the Cold War. The Soviet Union, then led by Leonid Brezhnev, planned to build the massive Svetogorsk Dam on the Vuoksi River - a strategic waterway that runs along the border between the USSR and Finland.
This construction was to dramatically affect the flow of water towards Finland, threatening the local hydroelectric power plants in Imatra, a key center of Finnish energy in the South Karelia region.
Finland, neutral and pragmatist in its blood, could not be deterred: after long negotiations, a treaty was concluded that obliged the Soviets to supply "compensatory energy". For a decade, Russia (the successor to the USSR) thus supplied Finland with approximately 10-20% of the energy needed to operate the Imatra power plants - the equivalent of hundreds of megawatts, which helped maintain stable supplies for Finnish households and industry.
This agreement was not just about kilowatts. It was a symbol of a functioning neighborhood: Finland bought Russian electricity through the European Nord Pool exchange, paid in euros, and Russia compensated for the impact of its works on the Finnish water regime. In the 1990s, after the fall of the Iron Curtain, this became a model of "Finlandization" - the art of balancing between East and West. But the war in Ukraine changed everything.
Everything collapsed on April 4, 2022. Finland, shocked by Russia's invasion of Ukraine, joined Western sanctions and unilaterally refused to buy Russian electricity.
The reasons were clear: moral, security and economic. Helsinki wanted to end its dependence on supplies from Russia, which at the time accounted for about 10% of Finnish consumption. Russia reacted quickly - already in May 2022, it suspended exports through Inter RAO, citing "payment problems".
Finland managed it then: it diversified sources to Sweden, Germany and its own renewable energy, including wind and the new Olkiluoto 3 nuclear power plant, which just entered into operation in the summer of 2022.
But Sunday's decision goes further. According to an official order from the Russian government, cited by RIA Novosti, Moscow is now canceling the entire agreement. "Given Helsinki's unilateral refusal to purchase Russian electricity, the Russian Federation is no longer obliged to supply compensatory energy," reads the key wording.
Prime Minister Mishustin has ordered the Foreign Ministry to inform Finland immediately.
Russia cannot intervene militarily, so it is striking where it hurts: the economy and the environment.
Finland is silent for now.
#Vuoksi #FinlandRussia #EnergySecurity
https://x.com/geogeolite/status/1985039481024417920
Bookmarks