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Transdniestria may lose 40% of foreign trade in 2016 — head of republic

Termination of trade preferences for exports into the European Union and Moldova’s attempts to hinder free market development in the region are to blame for the current situation

Yevgeny Shevchuk Zurab Javakhadze/TASS

Yevgeny Shevchuk

© Zurab Javakhadze/TASS

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MOSCOW, July 24 /TASS/. The leadership of Moldova’s unrecognized republic of Transdniestria expects the region’s foreign trade to fall by 40% because of social and economic hardships, Yevgeny Shevchuk, the head of the republic, said in an interview aired by the Rossiya-24 television news channel on Friday.

"On January 1, 2016, our enterprises may lose the European market. It is approximately 40% of our foreign trade. It is a serious blow to the Dniester economy on the whole," Shevchuk said adding that termination of trade preferences for exports into the European Union and Moldova’s attempts to hinder free market development in the region were to blame for the current situation.

Shevchuk qualified the actions of Moldovan partners as an attempt to exert pressure on Transdniestria.

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