The EU is living up to its promise. European Commission transfers € 60 million to manage energy crisis this year in one installment
The Republic of Moldova will receive a grant of 60 million euros from the European Union for crisis management in the energy sector. The Cabinet of Ministers in Chisinau approved on Tuesday the draft decision on the initiation of negotiations and the approval of the signing of the Financing Agreement between the Government of the Republic of Moldova and the European Commission.
The financial means will be disbursed this year, in a single installment. The main purpose of this support is to mitigate the socio-economic impact of rising gas prices, increase the Government’s capacity to provide personalized services to vulnerable groups, and long-term socio-economic recovery, energy security and energy transition in the Republic of Moldova.
The agreement will be signed on December 15 at the Eastern Partnership summit in Brussels. On behalf of the Republic of Moldova, the agreement will be signed by Nicu Popescu, Deputy Prime Minister, Minister of Foreign Affairs and European Integration, and on behalf of the European Commission, by Oliver Varhelyi, European Commissioner for Neighborhood and Enlargement.
The financing decision related to the budget support “Contract for the consolidation of the state and resilience for the Republic of Moldova” was adopted by the European Commission on December 10, 2021.
We specify that in October this year, the President of the European Commission, Ursula von der Leyen, gave assurances that the European Union will support the Republic of Moldova in overcoming the energy crisis it is facing.