Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Transdniestria asks Russia for financial assistance

April 08, 2016, 16:31 UTC+3 TIRASPOL

The government of Moldova's unrecognized breakaway republic has asked for money to settle overdue budget payments

1 pages in this article

TIRASPOL, April 8. /TASS/. Authorities of Moldova's unrecognized Transdniestria have addressed Russia for financial assistance to settled overdue wages from the budget, the republic’ s Prime Minister Pavel Prokudin told reporters on Friday.

"The government has asked for money to settle overdue budget payments," the prime minister said. "This issue is being considered in Moscow now."

The prime minister said the government at the meeting on Friday decided to begin talks on a loan of $26.5 million, which Transdniestria’s biggest trade and industrial complex Sherif had agreed to offer.

The overdue payments were caused by the regime of saving, introduced in March, 2015, under which pensions and wages payable from the budget could be paid out by 70%. By November, the republic resumed full payments, and the authorities promised to pay out the overdue wages by end of 2016.

Transdniestria’s finance ministry reports the republic requires about $60 million for that. The local authorities explain the budget gap by the crisis in neighboring Ukraine and the trade restrictions, which Chisinau applies jointly with Kiev.

Show more
In other media
Partner News