EU helps Moldova cope with high energy prices caused by Russian invasion of Ukraine
August 22, 2022

EU helps Moldova cope with high energy prices caused by Russian invasion of Ukraine

The European Union last week disbursed a €75 million budget support grant for the Republic of Moldova, as part of a package to support the country to cope with the multiple repercussions in the energy sector of the Russian military aggression against Ukraine. 

In particular, the grant will help to mitigate the socio-economic consequences of the high energy prices on the most vulnerable citizens and alleviate the economic strain resulted from hosting and supporting refugees. It will also help building the long-term socio-economic recovery, energy security and energy transition of the Republic of Moldova.

This is the second budget support provided by the EU in the last 8 months to address rising energy costs, as well as the severe impact of Russia’s war against Ukraine. Together with the first assistance package of €60 million adopted in December 2021, it brings the European Union’s total budget support to the energy sector in Moldova to €135 million.

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