OREANDA-NEWS. April 10, 2012. This was announced by the Ambassador of Russia in Moldova at a briefing devoted to the 20th anniversary of establishment of diplomatic relations between Moldova and Russia held.

“However, privatization has been suspended. Unmarketable stock is being offered for sale, which is little attractive from the point of view of competition. When the situation is changed, the Russian capital will say its word in investing in Moldova”, Valery Kuzmin said. Russia is still a major trade and economic partner of Moldova and the principal supplier of gas to the state, the Ambassador stressed.

As he noted, a key supplier of electricity to Moldova is Moldovan hydro power plant which is also owned by Russia. The trade turnover between the two states including Transdniestria made up USD 1,95 bln in 2011. According to the National Bureau of Statistics, leaving Transdnistria aside, the bilateral trade made up USD 1,45 bln. in 2011, with export and import being USD 625,53 mln. (+ 28,16%) and USD 822,96 mln. (+15,85%) respectively.

“Despite political twists and turns, economic cooperation creates a durable basis of Moldovan-Russian relations”, Valery Kuzmin concluded.