EU is to financially help Moldova resolve gas crisis

The European Union has allocated €60 million to Moldova to overcome the gas crisis.

Moldova and the EU signed a grant agreement in Brussels, the Minister of Foreign Affairs and European Integration, Nicu Popescu said, Evropeyska Pravda reports.

Moldovan President Maia Sandu says that the grant aid does not need to be returned. The money will go to the country's budget by the end of this year. She also says that thanks to financial assistance, citizens' expenses for heating will decrease.

In October 2021, Moldovagaz and Gazprom extended the contract for the supply of Russian gas from November 1, 2021, for five years.

To recap, Maia Sandu said that it was necessary to conduct a financial audit in the Russian-Moldovan enterprise Moldovagaz.

As reported, after the signing of a contract for the supply of natural gas with Gazprom in Moldova, gas tariffs for the population increased.

Tags: Gazprom, contracts, legislation, EU, foreign affairs, debt, heating season, Gas market, investments, price, gas supplies, natural gas, crisis

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