In Latvia, a ban on electricity trade with the Russian Federation was legally fixed

The Saeima of Latvia supported amendments to the law on the electricity market, which provide for a ban on electricity trade transactions with Russia and Belarus. It is reported by Interfax.

The amendments also provide for a ban on the supply of electricity for trade using the power systems of Russia and Belarus. The bill was developed in accordance with international sanctions that prevent further financial cooperation with a number of companies registered in Russia.

In order to ensure the security, balance and stability of electricity supply in the Latvian transmission system, until synchronization with the European power grids, the transmission system operator will be allowed to exchange balancing electricity with the Russian transmission system operator or a trader from Russia without making financial settlements.

At the same time, the system operator will have to ensure that the amount of balancing electricity received from Russia does not exceed the amount of balancing electricity transferred to it.

Earlier, at a meeting of the parliamentary commission on the national economy, agrarian and regional policy, representatives of the Ministry of Energy stated that, in fact, electricity trade with Russia and Belarus is not carried out on the basis of a decision of the Latvian government dated October 11 last year.