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- INTEREST37.00%-1.00
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- October 19, 202616°
- BIST10011,634-0.75%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,198.30+0.41%
- INTEREST37.00%-1.00
- BITCOIN82,698+0.84%
- October 19, 202616°
Russia's Share in Moldova Market Declines as Warning Issued to Armenia
Russia's trade share in Moldova has dropped from 20-30% over the years to just 2%. Russia's Ambassador to Chisinau, Oleg Ozerov, warned that Armenia could face a similar situation if it distances itself from the Russian market.
Russia's share in the Moldovan market has fallen from 20-30% in recent years to just 2%, with Moscow filling this gap by sourcing from other countries.
Russia's Ambassador to Chisinau, Oleg Ozerov, stated that if Armenia also distances itself from the Russian market, it could face a similar situation to the difficulties Moldova is experiencing.
Ozerov: Russia Sourced the Same Products from Other Countries
Ozerov explained that Russia has not been harmed by this decline because it began procuring the same products from Turkey, Azerbaijan, Georgia, Armenia, and similar countries. The ambassador suggested that Armenia also wants to take a similar step but argued that this would not be a wise choice.
The Russian diplomat added that rather than wishing Armenia well, they hope Armenia correctly assesses its national interests and capabilities.
Market Loss for Moldova, Limited Impact for Russia
According to Ozerov, the total products Moldovan producers can sell to Russia remain below 1%. Therefore, losing Russia as a market does not have significant consequences for Moscow, but the main loss is for Chisinau.
The Russian ambassador also mentioned that he has met with officials responsible for trade and economic relations within the Moldovan government.
Economic Situation in Moldova Also Highlighted
The report noted that Moldova has long struggled with high inflation and rising public debt. The opposition accuses the pro-European President Maia Sandu's administration of failing to stop the decline in living standards.
The breaking of traditional economic ties and the energy crisis are central to the debates. It was also recalled that relations between Russia and Moldova have deteriorated since Sandu came to power at the end of 2020.
Moscow has reiterated its call for the Chisinau administration to consider the interests of its citizens and avoid damaging humanitarian, regional, and economic ties with Russia. The Russian Foreign Ministry also invited Moldovan officials to abandon harsh anti-Russian rhetoric.
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