Europe’s Poorest Nation Fears Gas Prices Will Crash Its Economy
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Moldova’s teetering economy may face the double shock of a cutoff in Russian gas and “extraordinarily high” energy prices as Europe’s poorest nation braces for winter, the country’s premier said.
Prime Minister Natalia Gavrilita said the nation of 2.6 million wedged between Ukraine and Romania is preparing for all scenarios, with annual inflation exceeding 30% and an Oct. 1 deadline to negotiate a debt repayment with Russia’s Gazprom PJSC -- despite Moldova’s five-year contract with the gas giant.