Expert: Economic situation in Transnistria remains difficult
The Transnistrian region's dependence on the Russian market has decreased even further in recent years, according to an analysis by economist Veaceslav Ionita.
Only 5% of the region's exports now go to the Russian Federation, while more than 80% go to the right bank of Dniester, the European Union, and Ukraine.
Ionita says that this is due to a number of factors, including the economic sanctions imposed on Russia by the West, the war in Ukraine, and the Transnistrian government's own efforts to diversify its economy.
"The Transnistrian region is quite integrated into the European Union," Ionita said. "This is a positive trend, but it also means that the region is more vulnerable to the economic shocks that are happening in Europe."
Ionita added that the economic situation in the Transnistrian region remains difficult. According to him, over the last 22 years, the rate of price increases on the left bank of the Dniester has been about 50% higher than on the right bank.
Translation by Iurie Tataru
