Russia's Gazprom announced it will halt gas supplies to Moldova on January 1st, citing unpaid debt. Moldova accuses Moscow of weaponizing energy as it braces for power cuts and enacts emergency measures to conserve energy. The cessation will impact the Kuciurgan power plant, Moldova's largest electricity source. Moldovan Prime Minister Dorin Recean rejects Gazprom's debt claim, stating an international audit found the actual debt to be nearly $700 million than what Gazprom claims. Moldova has diversified energy sources to reduce reliance on Russian supplies and may seek international arbitration.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Russia's Gazprom announced it will halt gas supplies to Moldova on January 1st,
00:07citing unpaid debt. Moldova accuses Moscow of weaponizing energy as if raises for power cuts
00:12and enacts emergency measures to conserve energy. The cessation will, in fact,
00:16decurse the power plant, Moldova's largest electricity source. Moldovan Prime Minister
00:22Dorin Risin rejects Gazprom's debt claim, stating an international audit found the actual debt
00:27to be nearly $700 billion more than what Gazprom claims. Moldova has diversified
00:32energy sources to reduce reliance on Russian supplies and may seek international arbitration.