Loading...
Loading...
Browse all stories on DeepNewz
VisitGazprom to Cut Off Gas to Moldova on January 1; Moldova Denies $709 Million Debt
Dec 28, 2024, 04:17 PM
Russian energy giant Gazprom announced that it will halt natural gas supplies to Moldova starting at 8:00 a.m. Moscow time on January 1, 2025, citing unpaid debts by Moldovagaz totaling $709 million. The company claims that Moldovagaz has regularly failed to meet payment obligations and violated contract terms. Moldova denies the existence of such debt, with Prime Minister Dorin Recean stating that Gazprom's decision confirms the Kremlin's intent to use energy as a political weapon to leave residents of Transnistria without light and heat. The gas cutoff is expected to affect the Transnistria region, which relies heavily on Russian gas for electricity generation. Moldovan authorities are bracing for severe power cuts and have been preparing contingency plans. The Moldovan government may consider international arbitration over the dispute.
View original story
Markets
Yes • 50%
No • 50%
Official announcements from Gazprom or Moldovan government, major news outlets
Yes • 50%
No • 50%
Official announcements from the Moldovan government or international arbitration bodies
Yes • 50%
No • 50%
Reports from Transnistrian authorities, major news outlets, or Moldovan government
Above 2% growth • 25%
Negative growth • 25%
0-1% growth • 25%
1-2% growth • 25%
Official GDP reports from Moldovan government or international economic organizations
Ukraine • 25%
Turkey • 25%
Other • 25%
Romania • 25%
Official energy supply reports from Moldovan government or major news outlets
Negotiated settlement • 25%
International arbitration • 25%
Continued cutoff without resolution • 25%
Other • 25%
Official announcements from Gazprom, Moldovan government, or international arbitration bodies