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Moldova will spend hundreds of thousands of euros to audit the debt to Gazprom Russian news EN

Moldova has allocated a reserve of 800 thousand euros to audit the debt to Gazprom

Government Moldova allocated a reserve of 800 thousand euros to audit the country’s historical debt to Gazprom. About it reported on the official website of the Cabinet.

The funds will be used to audit the debt directly to the Russian gas concern, as well as to the Factoring-Finance company, to which Gazprom assigned the rights to Moldovan debts in the amount of $1.2 billion.

“The government approved the allocation by the Public Property Agency of 800 thousand euros from the Reserve Fund for an external audit of the debt of JSC Moldovagaz to Gazprom and Factoring-Finance. The audit will include an accurate clarification of Moldovagaz’s debt to the Russian concern for natural gas supplied to the right bank from August 27, 1991 to October 31, 2021,” the statement said.

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Independent companies will check the distribution by Moldovagaz and other companies of payments for the use of gas between consumers on the right and left banks of the Dniester. In addition, the auditors will evaluate the assets that Moldova transferred to Gazprom as part of the gas debt repayment, and also check the legality of the assignment of receivables by Gazprom to Factoring-Finance.

In October 2021, Moldova succeeded reach an agreement with Gazprom on the extension of the contract for gas supplies, subject to an audit of the debt of Moldovagaz in 2022. To audit the government of the country hired two independent companies – the Norwegian Wikborg Rein Advokatfirma and the British Forensic Risk Alliance & Co.

Nevertheless, complete the promised audit on time Moldova can not get in time. It was reported that the country asked Gazprom to extend the deadline until March 31, 2023. The authorities promise to announce the preliminary results by the end of January. Due to “gross violation of the deadlines for concluding an agreement on the settlement” of Gazprom’s debt threatened completely cut off gas supplies to Moldova. The company emphasized that they could take such a step even if the country does not pay for current supplies on time.

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