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what is causing the decline of primo chemicals limited (506852) ✌️【Profit】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. The head of Moldova’s breakaway region Transnistria has urged residents to burn firewood for heating and warned that blackouts cannot be avoided, after Moscow stopped supplying gas via Ukraine.

Vadim Krasnoselskyi, the president of the Russian-backed separatist sliver on Moldova’s eastern flank, said in a message on Telegram on Friday that “1,500 multi-story apartment buildings have no heating and hot water. Almost 72,000 private households have no gas. One hundred and fifty gas boiler houses have been shut down.”

“Fortunately, our region is rich in wood. There are still reserves,” he added, encouraging residents in rural areas with active stoves to find and burn woodwhere possible.

what is causing the decline of primo chemicals limited (506852) ✌️【Profit】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. The region has been plunged into an energy crisis since New Year’s Day, when Ukraine made good on its promise to halt thetransport of Russian gas to Europethrough its territory after a key deal with Moscow expired. Ukrainian President Volodymyr Zelensky hailed the move as “one of Moscow’s greatest defeats.”

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“What we see today in the Transnistrian region is that people don’t have electricity for hours, they don’t have heating, most of all, they don’t have access to gas. And starting today they have even interruptions of water supply,” Recean said during an online press briefing.

He blamed Russia for attempting “to create instability in the region” by ceasing natural gas deliveries to Moldova’s left bank, citing unpaid debts, and accused Russia of manipulating the situation “to influence the results of the parliamentary elections in Moldova” that are due in the fall of 2025.

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“We cannot avoid rolling blackouts. This is required to protect the system. I am sure that everyone is accepting this stage with understanding,” the Transnistrian President Krasnoselskyi wrote on Telegram on Friday. “The government has developed a schedule, based on which it will be possible to organize everyday life and activity with the least inconvenience.”

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what is causing the decline of primo chemicals limited (506852) ✌️【Profit】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. The breakaway region’s parliament urged the Kremlin to reach a new deal with Ukraine over gas last month. Before the expiry of the transit deal with Ukraine, Russia had been supplyingMoldovawith around 2 billion cubic meters of gas per year, which was pumped through Transnistria, according to Reuters.

Ukraine now faces a loss of some $800 million a year in transit fees from Russia, while Kremlin-owned gas giant Gazprom will lose close to $5 billion in gas sales, the news agency reported.

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Europe has in general significantly reduced its reliance on Russian energy since Moscow’s invasion of Ukraine in February 2022, but parts of the former Eastern Bloc still import gas in large quantities.

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