Yesterday, the EU disbursed a €75 million budget support grant (in the form of a “State and Resilience Building Contract”) for the Republic of Moldova. This assistance package will support the country to cope with the multiple repercussions in the energy sector of the Russian military aggression against Ukraine.
In particular, it will help 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.
Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, announced this assistance package at the Ministerial Conference of the Moldova Support Platform on 15 July in Bucharest: ”The EU stands by the Republic of Moldova in these difficult times. We continue to provide support to help the country deal with the severe impact of Russia’s war against Ukraine, notably in the field of energy security. European solidarity with the Republic of Moldova is unwavering.”
More information about Moldova-EU relations can be found here.