Finland spends 10 billion euros trying to stabilize the energy market

4 September, 2022
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Finland spends 10 billion euros trying to stabilize the energy market

The government of Finland has agreed to launch an emergency support package of 10 billion euros (about 10 billion dollars) to help utility companies affected by fluctuations in energy markets.

"The support consists of loans and credit guarantees, and it will help energy companies such as Fortum Oeje to meet their short-term liquidity needs," Bloomberg Agency reported, Prime Minister Sanna Marin said, at a press conference in Helsinki, on Sunday.


On May 21, the Russian company "Gazprom" announced the complete halt of gas supplies to the Finnish energy company "Gazem". to supply gas through the pipeline.


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