Deals
Finland Gives Fortum Time to Find Buyers for Russian Units
- Minister Tytti Tuppurainen comments in interview in Helsinki
- Fortum’s exit from Russia must be “a managed one,” she says
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Finland is prepared to give Fortum Oyj time to sell its Russian power plants and follow other western energy companies out of Russia.
The departure of the state-controlled utility is the next step in severing energy ties between the two neighbors after Russia halted exports of both electricity and gas in the past few weeks. Fortum, which operates seven thermal power plants in the Ural region and western Siberia, said last month it would prefer to sell them as part of the exit.