Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & 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.

    1. Home
    2. >Finance
    3. >Premier of separatist Moldova region says gas cutoff shattered foreign trade
    Finance

    Premier of Separatist Moldova Region Says Gas Cutoff Shattered Foreign Trade

    Published by Global Banking & Finance Review®

    Posted on January 14, 2025

    3 min read

    Last updated: January 27, 2026

    Add as preferred source on Google
    Prime Minister Alexander Rozenberg addresses the media about the severe impact of the gas cutoff on Transdniestria's foreign trade, highlighting declines in exports and imports amid an energy crisis.
    Image of Transdniestria's prime minister discussing gas supply crisis - 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

    Quick Summary

    Transdniestria's trade is severely impacted by a Russian gas cutoff, causing energy shortages and economic disruptions.

    Gas Cutoff Crisis Shatters Transdniestria's Foreign Trade

    By Alexander Tanas

    CHISINAU (Reuters) - The prime minister of Moldova's separatist Transdniestria region said on Monday that the abrupt curtailment of Russian gas supplies that plunged the region into an energy crisis has also shattered both its exports and imports.

    The cutoff, prompted by Ukraine's refusal to renew an agreement allowing Russian gas to transit through Ukraine, has led to daily blackouts in the pro-Russian region of some 350,000 people and disruptions in heating and water supplies.

    Prime Minister Alexander Rozenberg told local media that the New Year cutoff had triggered a 43% decline in imports and a 60% plunge in exports in the region, which split from Moldova in the final days of Soviet rule.

    "The steepest drop in the volume of export operations... has been registered in the metals sector, in manufacture of machines and in the chemical industry," he said. "Exports of cement have been completely stopped."

    Transdniestria depends heavily on assistance from Moscow and its leaders acknowledge that the Russian gas it has long received was provided free of charge as "humanitarian assistance".

    The gas cutoff affects operations at a thermal plant that provides electricity both for Transdniestria and much of the area controlled by the central Moldovan government. Its operations have been switched to coal, and Ukraine, Moldova's eastern neighbour, has offered to provide supplies.

    Moldovan President Maia Sandu, who has spearheaded the country's drive to join the EU, called a meeting of Moldova's Supreme Security Council on Tuesday to discuss energy. Both Moldova and Transdniestria have proclaimed states of emergency.

    Much of Transdniestria's industry has been forced to close or obliged to operate at night, when there is less strain on the power grid. Among the factories closed are a cement plant and a steel mill in the town of Rybnita, with the latter accounting for 35% of the region's budget revenue.

    The region's separatist authorities last week said energy savings had enabled them to reduce rolling blackouts from eight hours a day to three by the weekend. But a blackout of five hours had been announced for Monday.

    Moldova, which denounces Russia's invasion of Ukraine, says Moscow fomented the crisis and has suggested shipping gas on a route through Turkey, Bulgaria and Romania.

    Russian gas giant Gazprom said it will provide no supplies until Moldova settles arrears it estimates at $709 million, a figure disputed by Moldovan authorities.

    Transdniestria's leaders say Moldova has done nothing to ease the crisis and reject any notion that Moldova's government has offered to help purchase power from Western Europe.

    More than 30 years after Transdniestria waged a brief war against the newly independent Moldovan state, the region continues to exist alongside Moldova with little turmoil. But 1,500 Russian "peacekeepers" remain in the territory and efforts to resolve the separatist dispute have made little headway.

    (Reporting by Alexander Tanas, writing by Ron Popeski; Editing by Bill Berkrot)

    Key Takeaways

    • •Transdniestria's exports and imports have plummeted due to a gas cutoff.
    • •The region is experiencing daily blackouts and energy shortages.
    • •Moldova and Transdniestria have declared states of emergency.
    • •Russian gas was previously provided as humanitarian aid.
    • •Efforts to resolve the separatist dispute remain stalled.

    Frequently Asked Questions about Premier of separatist Moldova region says gas cutoff shattered foreign trade

    1What is the main topic?

    The article discusses the impact of a Russian gas cutoff on Transdniestria's trade and energy situation.

    2How has the gas cutoff affected Transdniestria?

    The cutoff has led to a significant decline in exports and imports, daily blackouts, and energy shortages.

    3What measures are being taken to address the crisis?

    Moldova and Transdniestria have declared states of emergency, and alternative energy sources are being explored.

    More from Finance

    Explore more articles in the Finance category

    Image for German army eyes AI tools to expedite wartime decision-making
    German Army Eyes AI Tools to Expedite Wartime Decision-Making
    Image for Hungary to curb gas flows to Ukraine until Druzhba oil flows resume, Orban says
    Hungary to Curb Gas Flows to Ukraine Until Druzhba Oil Flows Resume, Orban Says
    Image for NatWest to sell HR consultancy unit Mentor in streamlining push, Sky News reports
    NatWest to Sell HR Consultancy Unit Mentor in Streamlining Push, Sky News Reports
    Image for Italy's growth outlook darkens due to Iran conflict, business lobby says
    Italy's Growth Outlook Darkens Due to Iran Conflict, Business Lobby Says
    Image for Denmark's prime minister hands in government resignation after election defeat
    Denmark's Prime Minister Hands in Government Resignation After Election Defeat
    Image for ECB's Lane flags selling prices and wages as key indicators
    ECB's Lane Flags Selling Prices and Wages as Key Indicators
    Image for UK house prices rise by least since September 2024 in January
    UK House Prices Rise by Least Since September 2024 in January
    Image for Commerzbank supervisory board committee met 11 times to discuss UniCredit in 2025
    Commerzbank Supervisory Board Committee Met 11 Times to Discuss UniCredit in 2025
    Image for Swiss air transport caterer Gategroup considers listing
    Swiss Air Transport Caterer Gategroup Considers Listing
    Image for German business sentiment fell less than expected in March, Ifo finds
    German Business Sentiment Fell Less Than Expected in March, Ifo Finds
    Image for On Holding names co-founders as CEOs
    On Holding Names Co-Founders as CEOs
    Image for ECB may need to act on even 'not-too-persistent' inflation surge, Lagarde says
    ECB May Need to Act on Even 'not-Too-Persistent' Inflation Surge, Lagarde Says
    View All Finance Posts
    Previous Finance PostUK Homebuilders' Demand Recovery in Focus as Affordability Concerns Return
    Next Finance PostExclusive-Investor Climate Group Suspends Activities After BlackRock Exit