Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > EU provides 30 million euros for Transdniestria's gas supply, Moldova's PM says
    Headlines

    EU provides 30 million euros for Transdniestria's gas supply, Moldova's PM says

    Published by Global Banking and Finance Review

    Posted on January 27, 2025

    2 min read

    Last updated: January 27, 2026

    Moldovan PM Dorin Recean discusses the EU's 30 million euro aid for gas supply to Transdniestria, addressing energy challenges in the region.
    Moldovan Prime Minister Dorin Recean announces EU's gas supply aid for Transdniestria - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:financial assistanceEU funding

    Quick Summary

    The EU is providing 30 million euros to supply gas to Transdniestria after Gazprom's suspension. Moldova and the EU plan further energy resilience measures.

    EU Allocates Funds for Transdniestria's Gas Supply Needs

    KYIV (Reuters) - The European Union will provide 30 million euros ($31.5 million) to purchase and transport natural gas to Moldova's breakaway region of Transdniestria, Moldovan Prime Minister Dorin Recean said on Monday.

    Tens of thousands of people in Transdniestria have been without gas or winter heating since Jan. 1 when Russia's Gazprom suspended gas exports to the region, citing an unpaid Moldovan debt of $709 million that Chisinau does not recognise as valid.

    "The EU is immediately providing financial assistance in the amount of 30 million euros for the purchase of the necessary amount of natural gas," Recean said.

    Recean said that Moldova had approved the transfer of an additional 3 million cubic meters of gas to Transdniestria.

    Recean confirmed during a press-conference that Hungarian company MOL intends to sign a contract with Moldovagaz to supply gas to Transdniestria.

    The announcement comes after the leader of the region, gripped by power and heating cuts, said on Friday that gas reserves would be exhausted within days and urged the central government to end "artificial delays" and provide new supplies.

    Gas will be used for electricity production at the thermal plant in Transdniestria that provided most of the power in government-held areas of Moldova. It will also be used for consumption in Transdniestria from Feb. 1 to 10, the prime minister said.

    Moscow blames the suspension of gas supplies on pro-Western Moldova and Ukraine, which refused to extend a five-year gas transit deal that expired on Dec. 31 on the grounds that the proceeds help fund Russia's invasion.

    "In parallel, the Moldovan government and the EU are working on a two-year aid package to strengthen the energy resilience of the entire country," Recean said.

    ($1 = 0.9515 euros)

    (Reporting by Alexander Tanas.; Editing by Gareth Jones and Mark Potter)

    Key Takeaways

    • •EU provides 30 million euros for Transdniestria's gas supply.
    • •Gazprom suspended gas exports due to unpaid debt.
    • •Moldova approves additional gas transfer to the region.
    • •Hungarian company MOL to supply gas to Transdniestria.
    • •Moldova and EU work on a two-year energy resilience aid package.

    Frequently Asked Questions about EU provides 30 million euros for Transdniestria's gas supply, Moldova's PM says

    1What is the main topic?

    The EU's financial aid to supply gas to Transdniestria amid Gazprom's suspension.

    2Why did Gazprom suspend gas exports?

    Gazprom suspended exports due to an unpaid Moldovan debt of $709 million.

    3What is Moldova's response to the gas crisis?

    Moldova approved additional gas transfers and is working with the EU on energy resilience.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Ukrainian capital Kyiv under missile attack, officials say
    Ukrainian capital Kyiv under missile attack, officials say
    Image for EU proposals set to limit EV sales from 2035, says campaign group
    EU proposals set to limit EV sales from 2035, says campaign group
    Image for Trading Day: Solid data over hard assets
    Trading Day: Solid data over hard assets
    Image for Queen's University Belfast cuts ties with US politician Mitchell over Epstein files
    Queen's University Belfast cuts ties with US politician Mitchell over Epstein files
    Image for UK police review reports of alleged misconduct by Mandelson after Epstein files release
    UK police review reports of alleged misconduct by Mandelson after Epstein files release
    Image for Russia says foreign forces in Ukraine would be 'legitimate targets'
    Russia says foreign forces in Ukraine would be 'legitimate targets'
    Image for Swiss National Bank Chairman says current situation not easy for policy
    Swiss National Bank Chairman says current situation not easy for policy
    Image for Recycling body opposes EU scrap aluminium export curbs
    Recycling body opposes EU scrap aluminium export curbs
    Image for Czech leader urges EU to overhaul carbon trading schemes to curb energy costs
    Czech leader urges EU to overhaul carbon trading schemes to curb energy costs
    Image for US to cut tariffs on India to 18%, India agrees to end Russian oil purchases
    US to cut tariffs on India to 18%, India agrees to end Russian oil purchases
    Image for Small drone fell on Polish army base, military police say
    Small drone fell on Polish army base, military police say
    Image for South African white separatists claim land acquired from Zulu king then lost to British
    South African white separatists claim land acquired from Zulu king then lost to British
    View All Headlines Posts
    Previous Headlines PostEU ministers agree on roadmap to ease Syria sanctions
    Next Headlines PostRussia issues school textbook saying it was 'forced' to march into Ukraine