Discover and read the best of Twitter Threads about #Moldova_EU
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#Moldova_EU: The decision of the EU Council to sanction a list of 5 persons (including fugitive oligarchs and a Russian cleptocrat), considered destabilizing the country (in favor of Russia), is coming into force. The Moldovan govt has advocated for this decision. ⤵️
However, it seems that the scope of the EU sanctions is partly misinterpreted. The Moldovan president claims that the sanctions make it possible to confiscate the assets of the sanctioned politicians, some of whom are fugitive oligarchs. This is not exactly how ⤵️
individual EU sanctions work: 1) the sanctions regime allows for visa bans and asset freezes; 2) financial transactions for sanctioned persons are prohibited; 3) sanctions do not provide for confiscation in any way (unless this ⤵️
#Moldova_EU: The EU is doing everything possible to support the government of Moldova. von der Leyen will visit and promised financial assistance to handle the worsening energy crisis. The problem is in the costs of the price of electricity and the risks of cutting off the⤵️
supply of Russian gas. Romania provides electricity but 60% of 90% is sold at market prices. Last year, the EU committed €60 million and allocated it in early 2022, after which some smaller amounts followed for energy crisis management. In addition, there is also a⤵️
€300 million credit from the EBRD for the energy crisis, according to which the Moldovan government bought up to 150 million m3 of gas for strategic reserves. It is very likely that von der Leyen will announce another amount during his visit to Chisinau. The injection of⤵️
