Gas being 'weaponised' against Moldova, EU says

By Kitco News / October 28, 2021 / www.kitco.com / Article Link

BRUSSELS, Oct 28 (Reuters) - The European Union's top diplomat said on Thursday that Moldova was a victim of Russia's efforts to use natural gas to bully its smaller neighbour, although he did not provide details.

Moldova's gas contract with Russia's Gazprom (GAZP.MM) expired at the end of September, and the two have failed to agree on a new price, with Chisinau balking at Gazprom's proposal to double the price Moldova used to pay.

The Kremlin on Wednesday denied the Russian company was using gas talks with Chisinau to try to extract political concessions, but EU foreign policy chief Josep Borrell rejected that argument.

"In global terms the price increases around the world are not a consequence of weaponisation of the gas supply, but in the case of Moldova, yes it is," Borrell told a news conference alongside Moldova's Prime Minister Natalia Gavrilita in Brussels.

He did not offer any detailed evidence of Russian pressure.

Gazprom has said it will suspend gas exports to Moldova, which borders Romania and Ukraine, if it is not paid for previous supplies.

"In the case of Moldova, political characteristics have to be taken into account ... it's a sharp (price) increase which was related with political problems, which requires our support," Borrell said, referring to a 60 million euro ($70 million) grant from the EU to help with its energy crisis agreed this week.

"This will go to the most vulnerable Moldovan people," he said.

Gavrilita said Moldovan officials continued talks with Gazprom in St. Petersberg and that she hoped for an "affordable" long-term contract.

Moldova, currently ruled by the pro-Western government of President Sandu, was one of the Soviet Union's 15 republics and has been at the centre of a political tug of influence between Russia and the West since the 1991 collapse of the Soviet Union.

Reporting by Robin Emmott; Editing by Jan Harvey
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok