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
    • 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 & 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 before power restored
    Finance

    Ukraine and Moldova hit by blackouts from grid malfunction before power restored

    Published by Global Banking & Finance Review®

    Posted on January 31, 2026

    3 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
    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: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
    • Details of the Incident
    • Responses from Officials
    • Restoration Efforts

    Blackouts Hit Ukraine and Moldova Due to Power Grid Malfunction

    Impact of Power Grid Malfunction

    By Yuliia Dysa and Alexander Tanas

    Details of the Incident

    KYIV/CHISINAU, Jan 31 (Reuters) - Parts of Ukraine and Moldova, including the neighbouring countries' capitals, were plunged into blackouts on Saturday caused by a malfunction of high-voltage power lines, officials said. Power was restored later in the day.

    Responses from Officials

    Officials did not directly link the accident to war damage, although Ukraine's power grid has suffered from the accumulated impact of Russian airstrikes, leading to severe restrictions on electricity supplies in recent weeks.

    Restoration Efforts

    President Volodymyr Zelenskiy blamed ice buildup on power lines and ruled out a cyberattack.

    "In the morning, a technological accident occurred on the power grid: two lines between Romania and Moldova and within the territory of Ukraine stopped operating," he said in his nightly video address. "The causes are being thoroughly investigated."

    He said Ukraine had increased power imports to meet demand.

    MOLDOVA: DISRUPTION TRIGGERED BY UKRAINE PROBLEMS

    Ukrainian Energy Minister Denys Shmyhal said the two incidents occurred within a minute of each other, "leading to a cascade of shutdowns in seven regions of the country."

    Moldova's Energy Ministry said the disruption there was triggered by problems in Ukraine's grid that led to a voltage drop on the line connecting Romania and Moldova.

    Romania's Energy Ministry did not immediately respond to a request for comment.

    The system is under greater pressure as forecast night-time temperatures of -13 degrees Celsius (9 Fahrenheit) in Kyiv are due to sink to -22 C on Monday.

    Zelenskiy said nearly 3,500 apartment buildings lack heating in the capital.

    "The city and utilities and energy experts are promising to fix the heating situation by tomorrow morning," he said. "But the pace should be faster."

    Russia agreed to halt strikes on energy infrastructure until Sunday at the request of U.S. President Donald Trump. Kyiv said it would reciprocate, and the countries did not report major attacks.

    Regions in both Ukraine and Moldova were affected after the malfunction at 10:42 a.m. Kyiv time. Officials in both countries said power was restored later in the day following efforts to stabilise interconnected grids.

    Officials in Moldova said it took 3-1/2 hours for power supplies to return to normal in the country lying between Ukraine and Romania.

    PASSENGERS LED OUT OF METRO STATIONS

    The metro in Kyiv suspended operations and water supplies in the city were cut temporarily.

    The state emergency service said its teams led 500 stranded passengers out of metro stations. Some passengers were seen waiting at a station with dimmed lights in anticipation of electricity being restored.

    Traffic lights and some public transport in Chisinau were not working, according to the city's mayor, and most districts did not have electricity.

    The accident caused a shutdown on Ukraine's side, triggering automatic protection at substations and the temporary disconnection of nuclear power plant units from the grid, Shmyhal said.

    (Reporting by Yuliia Dysa, additional reporting by Pavel Polityuk in Kyiv and Luiza Ilie in Bucharest; Editing by Daniel Flynn, Hugh Lawson, Peter Graff, Ron Popeski, Rod Nickel)

    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 before power restored

    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.

    More from Finance

    Explore more articles in the Finance category

    Image for Freshworks forecasts annual revenue above estimates on strong AI-driven software demand
    Freshworks forecasts annual revenue above estimates on strong AI-driven software demand
    Image for Analysis-China tightens market oversight to create 'slow bull' momentum
    Analysis-China tightens market oversight to create 'slow bull' momentum
    Image for Exclusive-TotalEnergies takes over 100% of Zeeland refinery from co-owner Lukoil, sources say
    Exclusive-TotalEnergies takes over 100% of Zeeland refinery from co-owner Lukoil, sources say
    Image for Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
    Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
    Image for Big Tech may have to do more to combat cyberbullying, EU says
    Big Tech may have to do more to combat cyberbullying, EU says
    Image for Telegram's Durov reaffirms commitment to privacy amid new Russian curbs
    Telegram's Durov reaffirms commitment to privacy amid new Russian curbs
    Image for EU must cut power prices to be competitive, central European leaders say
    EU must cut power prices to be competitive, central European leaders say
    Image for Lufthansa faces major flight disruptions on Thursday due to strikes
    Lufthansa faces major flight disruptions on Thursday due to strikes
    Image for Veteran Daily Mail chief Paul Dacre tells UK privacy trial of anger at allegations
    Veteran Daily Mail chief Paul Dacre tells UK privacy trial of anger at allegations
    Image for Tesla names Europe executive to head global sales, Bloomberg News reports
    Tesla names Europe executive to head global sales, Bloomberg News reports
    Image for Italy's CDP urges Euronext to pick new CEO for Milan bourse, sources say
    Italy's CDP urges Euronext to pick new CEO for Milan bourse, sources say
    Image for Mercuria moves closer to buying troubled Raizen's Argentine assets for over $1 billion, sources say
    Mercuria moves closer to buying troubled Raizen's Argentine assets for over $1 billion, sources say
    View All Finance Posts
    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