Moldova Granted €300 Million Loan To Bolster Its Energy Security

The European Bank for Reconstruction and Development (EBRD) is lending Moldova 300 million euros ($316 million) to help it secure additional gas reserves that could offset possible supply disruptions caused by Russia's war against Ukraine. Moldova, one of Europe's poorest countries, is almost completely dependent on Russian gas deliveries for its industry and heating needs. Russian state-controlled energy giant Gazprom and Moldova have signed a gas delivery contract valid until 2026 following difficult negotiations over pricing. "The loan will…