“On Tuesday, May 24, 2022, Fennovoima withdrew its application for a license to build the Hanhikivi 1 nuclear power plant... Work at the Pyhäjoki site related to the EPC contract was stopped,” the company said in a statement.
On May 2, the Finnish company Fennovoima announced that it had terminated the contract with RAOS Project JSC (a subsidiary of Rusatom Energo International) for the construction of the Hanhikivi-1 nuclear power plant in Pyhäjoki.
Rosatom expressed disappointment with the decision of the Finnish company Fennovoima to terminate the contract for the construction of the Hanhikivi-1 nuclear power plant and called it "absolutely incomprehensible."
Russian Ambassador to Finland Pavel Kuznetsov on the air of Rossiya 24 said that trade and economic relations between Moscow and Helsinki "practically collapsed" due to the "barbaric" economic sanctions of the European Union.