Commodities and Futures News

Moldova declares state of emergency as risk of Russian gas cutoff looms

12/12/2024

Less than a minute

2024.12.12 17:58

CHISINAU (Reuters) – Moldova’s parliament voted early on Friday to impose a national state of emergency for 60 days starting on Dec. 16 due to an expected cut-off of Russian gas supplies from Jan. 1.

© Reuters. An employee works at the Chisinau-1 gas distribution plant of Moldovatransgaz energy company in Chisinau, Moldova March 4, 2023. REUTERS/Vladislav Culiomza

Fifty-six members in the 101-seat chamber backed the measure in the vote just after midnight.

Moldova receives Russian via Ukraine, which has said it will not extend its transit contract with Russian gas giant Gazprom (MCX:). The contract expires on Dec. 31.

12/12/2024

Less than a minute

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