Vadim Krasnoselski, the leader of the Transnistrian region, convened a meeting with representatives of the administration, the so-called government, and the Supreme Council. The main topic of discussion focused on the region’s budget, which, under current conditions, has become impossible to execute, according to IPN.
The so-called Minister of Economy, Serghei Obolonik, and Minister of Finance, Aliona Ruskievici, presented reports on the current economic situation. According to them, the region is facing a “deep economic decline” triggered by the energy crisis and geopolitical instability.
Between January and May, industrial output dropped by 43%, foreign trade fell by 31.5%, and electricity exports came to a complete halt.
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The most affected sectors include metallurgy, the chemical industry, and the energy sector. Budget replenishment sources have been nearly exhausted, energy supplies remain unstable, and fulfilling social commitments has become increasingly uncertain.
Krasnoselski described the situation as “critical” and called for “joint efforts to identify new solutions.” He noted that conventional methods of economic support have lost their effectiveness and emphasized that the region’s reserves are now totally exhausted.
Earlier, IPN reported that the energy crisis that erupted in Transnistria earlier this year triggered a financial crisis, with early signs already visible in the administration of the unrecognized region.
Two sources cited by the agency—one from the banking sector and another from the regional administration—claim that authorities in Tiraspol are considering requesting financial assistance from the Russian Federation worth several hundred million dollars. However, neither source could clarify the level of discussion or whether the support would come as a grant or a loan.