Finance
Moldovan president warns of 'harsh winter' in inauguration speech
Published by Global Banking & Finance Review®
Posted on December 24, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on December 24, 2024
2 min readLast updated: January 27, 2026
Moldovan President Maia Sandu warns of a harsh winter due to potential Russian gas cuts, emphasizing resilience and EU alignment.
CHISINAU (Reuters) - Moldova faces a harsh winter but will overcome the challenge, President Maia Sandu said at the inauguration for her second term on Tuesday.
Sandu, who won a closely contested election in November, faces a potential energy crisis as the threat of Russia cutting off gas supply to the small eastern European nation looms.
"A harsh winter is no secret. But, dear people, we will get through it," said Sandu at the inauguration ceremony in the capital, Chisinau.
"We’ve been blackmailed with gas and now with darkness — it’s not the first time. But light will prevail; we will prevail."
In her first term, Sandu pivoted Moldova towards the European Union and NATO and away from Moscow, which ruled the country during the Soviet era.
Russia is expected to cut off gas supplies to Moldova and its breakaway Russia-backed Transnistria region from Jan. 1, when the existing supply contract expires. Chisinau declared a state of emergency earlier this month as a result.
Sandu, who has consistently pushed for Moldova's entry into the EU, won her second term with a narrower margin than her first electoral victory in 2020.
This time, she defeated a former prosecutor general backed by a traditionally pro-Russian party in a vote marred by allegations of election meddling by Moscow, which it denies.
The election also exposed underlying public grievances, and Sandu, who ended up with 55.33% of the overall vote, only won because of strong backing from Moldovans voting from overseas. Within the country's borders, she lost by a narrow margin.
(Reporting by Alexander Tanas in Chisinau and Max Hunder in London. Editing by Mark Potter)
The main topic is Moldova's potential energy crisis due to possible Russian gas supply cuts and the implications for the country's winter.
Moldova faces a harsh winter and potential energy crisis as Russia may cut off gas supplies, impacting the nation's stability.
Maia Sandu won her second term with strong overseas support, despite a narrow margin within Moldova and allegations of election meddling.
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