Brussels has pledged €1.8bn in economic support for Moldova ahead of a referendum on EU membership called by the pro-western government in Chișinău, despite Russian pressure to derail its efforts.
The former Soviet republic’s economy has been battered by knock-on effects of Russia’s war against neighbouring Ukraine, including reduced trade flows and high energy costs. That has undermined the popularity of its pro-EU government as it pushes ahead with reforms necessary to achieve EU membership.
The European Commission’s ‘Growth Plan’, announced on Thursday, will peg financial aid to those reform efforts and help fund initiatives such as road and rail infrastructure and power grid improvements.
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