Finland faces a severe cold wave, with temperatures hitting record lows, prompting a significant increase in gas demand and a spike in electricity prices.
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The Finnish Meteorological Institute has issued a warning of substantially cold weather prevailing in the country this week, and forecast temperatures were likely to exceed minus 40 degrees in parts of the nation.
Finland and Sweden recorded the coldest temperatures of the winter Tuesday as thermometers plummeted to minus 40 degrees Celsius (minus 40 Fahrenheit) as a result of a cold spell prevailing in the Nordic region.