The European Union and the Republic of Moldova today agreed on a two-year comprehensive strategy enhancing energy independence of the country and supporting it to overcome the energy crisis caused after Russia cut off supplies early of January.
“It has a two-fold objective of decoupling Moldova from the insecurities of Russian supply of energy and fully integrating it in the EU energy market,”- said the statement of The EU’s executive branch, the European Commission.
Overall support of EU for Moldova would account to €250 million for 2025, of which €100 million will be provided by mid-April.
In the short term, the overall package will support Moldovan consumers who are facing steep price increases on the Right Bank. It will allow to compensate all excess electricity costs for all households for up to 110 kWh every month until 31 December 2025. It will also compensate for the entire increase of electricity costs for social institutions, including kindergartens, schools and hospitals.
As part of the same strategy, funding of €60 million is also available for the more than 350,000 people in the Transnistrian region of Moldova (the Left Bank) who were left in cold in January after Gazprom discontinued energy supplies. “This support is subject to steps being taken on fundamental freedoms and human rights in the Transnistrian region and excludes energy intensive activities,”- statement said.
Additional funding of €15 million will be provided to support the energy bills of agro-food and manufacturing businesses. Furthermore, through the mobilisation of international financial institutions, additional funding of €50 million will be available for sustainable investments in energy efficiency projects by local public authorities, households and SMEs.
In the longer term, the EU support will allow Moldova to improve its energy security through investments and reforms for the energy transition and ensure the full phase out of Russian supply of energy resources.
Under the first step, the Commission has already provided €30 million EU emergency support announced on 27 January. Thanks to the joint efforts of the European Union and partners, Moldova’s energy system is providing electricity and heat without any blackouts.
Iranian Foreign Minister Abbas Araghchi and U.S. Vice President JD Vance have arrived in Islamabad for talks aimed at eas...
Britain’s plan to transfer the Chagos Islands to Mauritius, which host a strategic U.K.-U.S. military base, has been put on indefinite hold a...
The Iraqi parliament on Saturday elected Kurdish politician Nizar Amedi as the country's new president, f...
Talks between the United States and Iran opened in Islamabad on Saturday (11 April) as the two sides sought to turn a fragile temporary ceasefir...
Ismail Omar Guelleh has been re-elected for a sixth term with 97.8% of the vote, according to state media, extending his nearly three-...
Moldova's parliament approved the introduction of a 60-day energy state of emergency after Russian attacks in neighbouring Ukraine knocked out of service a power line providing most of the country's energy. Deputies approved the measure with 72 votes in favour in the 101-member chamber.
Parts of Ukraine and Moldova, including Kyiv and Chisinau, were plunged into blackouts on Saturday after a malfunction on high-voltage power lines, with electricity restored later in the day.
The European Commission has announced €153 million ($183 million) in emergency aid for Ukraine, alongside €8 million ($9.5 million) to support Moldova, which hosts large numbers of Ukrainian refugees.
Moldova's government in Chisinau has initiated the final legal steps to sever its institutional ties with Moscow’s post-Soviet alliance, marking a decisive moment in the small Eastern European nation’s pivot towards the West.
Iranian Foreign Minister Abbas Araghchi and U.S. Vice President JD Vance have arrived in Islamabad for talks aimed at easing regional tensions, as Pakistan hosts the discussions. Meanwhile, Lebanon and Israel are set to hold rare negotiations in Washington next Tuesday.
Amid fragile calm, António Guterres urged constructive U.S.- Iran talks, while Pope Leo XIV warned violence is spreading. Lebanon's President said an Israeli strike killed 13 security personnel in Nabatieh.
Dubai has restricted foreign airlines to one daily flight to its airports until 31 May due to the Iran crisis, raising fears of significant revenue losses for Indian carriers, industry letters show.
Russian President Vladimir Putin announced on Thursday an Easter ceasefire with Ukraine lasting 32-hours and said that Kyiv has agreed to abide by the measure. The ceasefire is expected to begin at 16:00 (13:00 GMT) on Saturday 11 April and last until midnight Sunday 12 April, the Kremlin said.
Chinese President Xi Jinping has told Taiwan opposition leader Cheng Li-wun that “people on both sides of the Taiwan Strait are Chinese” and that the future of cross-strait ties should be decided by “the Chinese people themselves”.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with many of the reductions expected to affect its marketing division, The Wall Street Journal reported on Wednesday, citing sources familiar with the plans.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment