Finance

Moldova backs defence strategy calling for increased spending

Published by Global Banking & Finance Review

Posted on December 26, 2024

2 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Gazprom gas export suspension affecting Moldova's energy supply - Global Banking & Finance Review
Featured image highlighting the impact of Gazprom's decision to halt gas exports to Moldova, affecting energy supply and heating in the region, particularly in pro-Russian Transdniestria.
Global Banking & Finance Awards 2026 — Call for Entries

By Alexander Tanas CHISINAU (Reuters) - The Parliament in ex-Soviet Moldova, controlled by pro-Western lawmakers, approved a 10-year defence strategy on Thursday calling for increased defence spending

Moldova Approves Defence Strategy for EU Integration

By Alexander Tanas

CHISINAU (Reuters) - The Parliament in ex-Soviet Moldova, controlled by pro-Western lawmakers, approved a 10-year defence strategy on Thursday calling for increased defence spending as part of a plan to join the European Union.

The chamber's pro-Russian opposition ridiculed the document as pointlessly directed against Moscow in view of Moldova's small land mass and armed forces.

The document, presented by Defence Minister Anatolie Nosatii, aims to boost defence spending by 2030 to 1% of gross domestic product, with figures showing increases already being put into place.

"The first step to implementing this was taken after the war in Ukraine started, by increasing budget resources for defence to 0.39% in 2022 and 0.55% in 2023," the document said.

One of Europe's poorest countries, lying between Ukraine and EU member Romania, Moldova is a candidate to join the EU, with a membership date set for 2030. It is not considering joining the North Atlantic Treaty Organisation (NATO) as the country's neutral status is set down in its constitution.

The document says Moldova's neutral status requires it to boost partnerships with different countries and international organisations to strengthen its national defence.

Russia's invasion of Ukraine in February 2022 has jolted Moldova as drone fragments land on its territory and missiles aimed at Ukrainian targets pass through its airspace.

Pro-Western President Maia Sandu, re-elected to a second term last month, though by a smaller margin than anticipated, has accused Russia of trying to unseat her government.

Members of the pro-Moscow Socialist Party dismissed the document as meaningless.

"If, God forbid, we are subject to an attack from the direction of the Russian Federation, how long do you think Moldova will resist such aggression?" Socialist member Adrian Albu asked the minister.

"Simply because we are shouting from a rostrum?"

The document cites risks of the Ukraine conflict spreading, particularly around the Black Sea port of Odesa close to Moldova's border.

(Reporting by Alexander Tanas; Writing by Ron Popeski; Editing by Richard Chang)

Key Takeaways

  • Moldova's parliament approves a 10-year defence strategy.
  • The strategy aims to increase defence spending to 1% of GDP by 2030.
  • Moldova seeks EU membership by 2030 but remains neutral on NATO.
  • Pro-Russian opposition criticizes the strategy as anti-Moscow.
  • The Ukraine conflict heightens Moldova's security concerns.

Frequently Asked Questions

What is the main topic?
The article discusses Moldova's new defence strategy aimed at increasing spending and aligning with EU membership goals.
Why is Moldova increasing defence spending?
Moldova plans to boost defence spending to 1% of GDP by 2030 as part of its strategy to join the EU and address security concerns.
What is Moldova's stance on NATO?
Moldova is not considering joining NATO due to its constitutional neutral status, focusing instead on partnerships with other countries.

Related Articles

More from Finance

Explore more articles in the Finance category