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

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 > Finance > Ukraine and Moldova hit by blackouts from grid malfunction
    Finance
    Ukraine and Moldova hit by blackouts from grid malfunction

    Published by Global Banking and Finance Review

    Posted on January 31, 2026

    2 min read

    Last updated: January 31, 2026

    Featured image depicting the MeridianLink logo, highlighting the company's acquisition by Centerbridge Partners for $2 billion. This deal signifies a growing trend in private equity buyouts within the finance sector.
    MeridianLink financial software firm announcement of $2 billion acquisition by Centerbridge - Global Banking & Finance Review
    Tags:infrastructure

    Quick Summary

    Moldova experiences extensive power outages due to Ukraine's grid issues, impacting Chisinau and other regions.

    Table of Contents

    • Impact of Power Grid Malfunction
    • Extent of Blackouts in Ukraine and Moldova
    • Government Response and Recovery Efforts
    • Technical Causes of the Outage
    • Expected Restoration of Power

    Blackouts Strike Ukraine and Moldova Amid Power Grid Malfunction

    Impact of Power Grid Malfunction

    By Yuliia Dysa and Alexander Tanas

    Extent of Blackouts in Ukraine and Moldova

    KYIV/CHISINAU, Jan 31 (Reuters) - Parts of Ukraine and Moldova, including the capitals of both neighbouring countries, were plunged into blackouts on Saturday caused by malfunctions to high-voltage power lines, officials said.

    Government Response and Recovery Efforts

    Officials did not directly link the blackouts to war damage, although Ukraine's power grid has suffered from the accumulated impact of months of air strikes leading to severe restrictions on electricity supplies in recent weeks. Ukraine's digital ministry also said a cyberattack was not to blame.

    Technical Causes of the Outage

    The system is under greater pressure as a cold spell returns this weekend. Russia said on Friday it had agreed to halt strikes on Ukraine's energy infrastructure until February 1 at the request of U.S. President Donald Trump. Kyiv said it would reciprocate, and the countries did not report major attacks.

    Expected Restoration of Power

    At least four Ukrainian regions and some parts of Moldova were affected by the blackouts, as well as both capitals Kyiv and Chisinau.

    The metro in Kyiv suspended operations and water supplies in the city were cut. Traffic lights and public transport in Chisinau were not working, according to the city mayor, and most districts did not have electricity.

    At a metro station in Kyiv with dimmed emergency lights, some passengers were still waiting, hopeful of resuming their journeys. A worker said the entire system had been shut down for nearly an hour.

    Ukraine's Energy Minister Denys Shmyhal blamed a technical malfunction that caused simultaneous outages on two high-voltage power lines, one linking the power grids of Romania and Moldova and another connecting western and central Ukraine. Both took place at 10:42 a.m. Kyiv time, he said.

    Shmyhal said the transmission outage caused a shutdown in Ukraine's power grid, triggered automatic protection at some substations and the temporary disconnection of nuclear power plant units from the grid. An energy industry source said the units were still working at a reduced capacity.

    Shmyhal expected power supplies to be restored in coming hours.

    Moldova's energy ministry said the disruption in that country was triggered by the outage in Ukraine.

    (Reporting by Alexander Tanas, Yuliia Dysa; Editing by Daniel Flynn, Hugh Lawson, Peter Graff)

    Key Takeaways

    • •Moldova faces power outages due to Ukraine's grid problems.
    • •Chisinau and other regions experience significant disruptions.
    • •Ukrainian officials have not commented on the situation.
    • •Emergency power cuts also affect parts of Ukraine.
    • •Russian strikes have targeted Ukraine's power grid for months.

    Frequently Asked Questions about Ukraine and Moldova hit by blackouts from grid malfunction

    1What is a power outage?

    A power outage is a temporary loss of electrical power supply to a specific area, often caused by issues in the electrical grid or infrastructure.

    2What is an energy grid?

    An energy grid is a network of transmission lines, substations, and transformers that deliver electricity from power plants to consumers.

    3What are emergency power cuts?

    Emergency power cuts are temporary interruptions in electricity supply implemented by utility companies to prevent grid overload or damage.

    4What is the role of energy officials?

    Energy officials are responsible for managing and regulating energy supply, ensuring reliable power delivery, and responding to energy crises.

    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

    Previous Finance PostCBS News chief Weiss touts commentator push, draws mixed reaction in newsroom
    Next Finance PostIran president says Trump, Netanyahu, Europe stirred tensions in protests
    More from Finance

    Explore more articles in the Finance category

    UK's Thames Water nears 16 billion-pound rescue deal with lenders, Sky News reports
    CBS News chief Weiss touts commentator push, draws mixed reaction in newsroom
    Iran president says Trump, Netanyahu, Europe stirred tensions in protests
    France tightens infant milk rules after recalls
    Analysis-Combining SpaceX with xAI may be simple for Musk Inc, but Tesla isn't so easy
    Putin praises Russian military exports despite Western pressure
    China's Labubu-maker picks London for European HQ in boost for UK
    OnlyFans in talks to sell majority stake to Architect Capital, source says
    China cuts proposed tariffs in EU dairy probe, industry groups say
    Exclusive-Carlyle in talks with potential UAE partners on Lukoil assets, sources say
    Michigan AG asks Chinese battery maker Gotion to return $23.7 million after defaulting on US plant
    Polish officials blame Russian domestic spy agency for Dec 29 cyberattacks
    View All Finance Posts