Finland's Gasum: Russian gas flow to Finland to be halted on May 21 at 0400 GMT

Eren Sengezer FXStreet

Finnish state-owned gas wholesaler Gasum announced in a statement on Friday that Russian gas flow to Finland will be halted on May 21 at 0400 GMT, as reported by Reuters.

"On the afternoon of Friday, May 20, Gazprom export informed Gasum that natural gas supplies to Finland under Gasum’s supply contract will be cut," the statement read.

The company said during the upcoming summer season, it will supply natural gas to its customers from other sources through the BalticConnector pipeline.

Market reaction

Thie headline doesn't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was up 0.1% on the day at 1.0595.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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