Moldovan economy may face double shock due to cessation of Russian gas supplies

Moldovan Prime Minister Natalia Gavrilitsa said that the country of 2.6 million people, sandwiched between Ukraine and Romania, is preparing for all scenarios, as the Moldovan economy could face a double shock due to the cessation of Russian gas supplies.

Moldovan economy may face double shock due to cessation of Russian gas supplies
Source: gazeta-news.ru

Bloomberg writes about it.

In Moldova, annual inflation already exceeds 30%, and negotiations on the repayment of Gazprom’s debt are scheduled for October 1, despite Moldova’s five-year contract with the gas giant.

“Even if Gazprom continues deliveries, we will still have to cut consumption because prices are very, very high,” Gavrilitsa said.

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