"Critical situation": Tiraspol's alleged leader admits the region is in deep crisis with exhausted reserves
Vadim Krasnoselski, the self-proclaimed leader of the Transnistrian region, met on June 17 in Tiraspol with representatives from the government and the Supreme Soviet to discuss the challenges of executing the local budget.
The alleged ministers of economy and finance, Sergei Obolonik and Aliona Ruskievich, presented reports on the region's current economic situation. According to IPN, they described it as experiencing a "deep economic decline," driven by the energy crisis and geopolitical instability.
Key economic indicators significantly declined from January to May: industrial production fell by 43%, foreign trade decreased by 31.5%, and electricity exports were completely halted.
The sectors most affected by these challenges include metallurgy, the chemical industry, and the energy sector. Sources for budget replenishment are nearly exhausted, the region’s energy resource supply is unstable, and there are growing concerns about fulfilling social commitments.
Vadim Krasnoselsky referred to the situation as "critical" and emphasized the need to "strengthen efforts to identify new solutions." He noted that traditional measures to support the economy are no longer effective and that all reserves were completely depleted.
The energy crisis that erupted earlier this year in the Transnistrian region has led to an ongoing financial crisis.
According to IPN, citing sources within the banking system and the region's administration, Tiraspol authorities are considering requesting aid from the Russian Federation, potentially amounting to several hundred million dollars. However, the sources could not clarify the current status of these discussions or whether the support would come in the form of a grant or a loan.
