OpenCalais Metadata: Ticker
Romania's government on Wednesday approved a 100-million-euros financial support package for Moldova to help it deal with a looming energy crisis.
Romania's financial assistance comes at a difficult time for its neighbour, after Russian energy giant Gazprom warned it would stop supplying gas to Moldova if its Moldovagaz subsidiary does not pay outstanding debts within two days.
Serbia will continue to pay $270 per 1,000 cubic metres of natural gas for the next six months, President Aleksandar Vucic said after a meeting with Russian President Vladimir Putin.
The two presidents met in Sochi, Russia, where the renewal of a deal about natural gas deliveries was one of their topics. Vucic said: "Putin has shown friendship towards Serbia."
Work on the Nord Stream 2 pipeline was completed in September, but no gas will flow through it in the coming months. Germany stopped the procedure for its certification and as soon as it became known, energy prices increased by 18%. As Le Monde predicts, gas and electricity prices will remain high in the near future.