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Commission and Moldova agreement on a two-year strategy for energy independence and resilience

by AI | 04.Feb 2025 | Europe in brief AI

The agreement has a dual objective: to disconnect Moldova from the uncertainty associated with Russian energy supply and to fully integrate it into the EU energy market.

European flags (AP Photo/Virginia Mayo, File)

The European Commission and Moldova have agreed on a two-year comprehensive strategy for the country’s energy independence and resilience.

According to the Commission’s announcement, the agreement has a dual objective: to disconnect Moldova from the uncertainty associated with Russian energy supply and to fully integrate it into the EU energy market. As part of this strategy, the total support for Moldova will amount to 250 million euros by 2025, of which 100 million euros will be provided by the EU by mid-April. In addition to this overall support, and as part of the same strategy, an amount of 60 million euros will be made available for the people in the Transnistria region, under conditions.

Furthermore, through the mobilization of international financial institutions, an additional financing of 50 million euros will be made available for sustainable investments in energy efficiency projects by local public authorities, households, and SMEs.

Within the framework of this strategy, financing of 60 million euros is also available for the more than 350,000 people in the Transnistria region who were left in the cold in January after the supply of energy by Gazprom was cut off.

The Russian gas company, Gazprom, did not fulfill its contractual obligations, stopping gas supplies to the Transnistria region of Moldova. As a result, a serious energy crisis has erupted with severe economic and social consequences for the residents of Moldova and devastating impacts on the lives of people in the Transnistria region, the Commission notes. (2/4/2025)