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Moldovan president asks EU for additional financial assistance due to energy shortage in Moldova

Christian Fernsby |
Moldova needs financial assistance from the European Union to overcome the energy crisis, Moldovan President Maia Sandu said.

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"Moldova remains the most vulnerable country in Europe in terms of energy. Our efforts to diversify sources and energy efficiency will bear fruit in the medium term. And today we need support," Sandu said at a joint press conference with European Commissioner for Budget and Administration Johannes Hahn, who arrived in Chisinau on Friday.

"Today we are under the threat of gas and electricity supply cuts, energy prices are very unstable and high. This problem becomes a matter of survival for our country. The problem is not only in the supply, but also in the provision of compensation to citizens, due to high prices," the president said.

She also recalled the high inflation of 35% in Moldova, the disruption of trade chains and the loss of markets for Moldovan exporters due to the situation in Ukraine.

"The burden on the budget is increasing, and we need financial support to balance the budget for next year," Sandu said.

Sandu thanked the EU for the financial assistance recently provided to Moldova in the amount of 75 million euros and the first tranche of macro-financial assistance of 50 million euros.

For his part, Hahn said that Moldova has a clear European perspective. Moldova is on the right track, and the EU realizes its obligation to assist the country, especially in the current difficult period, he said.


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