Moldova Says Gas Crisis Over After Deal With Russia's Gazprom

Moldova Says Gas Crisis Over After Deal With Russia's Gazprom

Andrew H. Sweet

Moldovan President Maia Sandu has declared an end to her country's energy crisis after the government and Russia's state-controlled Gazprom agreed to extend a contract for natural-gas supplies for five years.

Gazprom drastically raised the prices for gas deliveries to Moldova to $790 per cubic meter from $550 while slashing its gas supply by about one-third after their contract expired, prompting criticism from the European Union, which said that Russia was "weaponizing" gas supplies.

The EU also offered Moldova, one of Europe's poorest countries, 60 million euros ($70 million) in emergency aid on October 27 to help the country manage its natural gas crisis.

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