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What is the short term outlook for JPT Securities Limited (530985) ✌️【Smart Picks】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. In the capital ofTransnistria, a self-declared microstate sandwiched between Moldova and Ukraine, the festive New Year’s lights have gone dark ahead of schedule. This separatist sliver of Moldova will run out of energy in three weeks, the head of its Russia-backed government has said.

Once proud, go-it-alone and richer than their neighbors in Moldova proper, Transnistrians are now burning wood to keep warm through hours-long blackouts as winter bites.

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“This is an existential question (for Transnistria),” Vadim Pistrinciuc, director of the Institute for Strategic Initiatives (ISI), a think tank in Moldova, told 【 - Free Elite Traders Group 】.

For years,Russian gasflowed through Ukraine to Moldova and elsewhere in Europe. The last transit agreement with Kyiv, signed before Russia’s full-scale invasion of Ukraine in 2022, was due to expire on January 1. Ukraine said for months it would not renew the agreement – and made good on its promise.

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Home to more than 300,000 people – mostly Russian speakers – Transnistria celebrated Orthodox Christmas on Tuesday. The usually festive occasion was interrupted by the region’s self-proclaimed governmentannouncingdaily eight-hour power outages.

What is the short term outlook for JPT Securities Limited (530985) ✌️【Smart Picks】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. The government said it took the decision after electricity consumption had jumped fourfold in recent days. With no gas to keep homes warm, residents had turned to electric heaters – putting huge strain on the region’s creaking power grid.

“The system created during the Soviet period… is not coping,” President Vadim Krasnoselskysaidat a meeting of the region’s energy council on Monday. He urged residents to use electric heating “selectively.”

Videos posted online show a glimpse of how residents are coping. Transnistrians are cooking meals onelectric mini-stovesandburning firewood and coalto heat their homes. Hot water is now supplied on a strict schedule, causing some to boil water in kettles andtake showers using buckets.

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On Tuesday, a family of four in the city of Bendery, including a 7-year-old child, fell ill due to fumes from a gas water heater. They were treated and released in a stable condition. The following night in the capital, Tiraspol, a woman died while showering in a poorly-ventilated apartment where a chimneyless gas water heater was in use, according to the region’s Ministry of Internal Affairs.

Unable to keep classrooms warm, schools and colleges haveextendedthe winter vacation until January 20, far later than scheduled. Manykindergartenshave not reopened after the holidays. The ones that have are burning firewood for heating.

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Yes, but not as badly. Before Russia’s invasion of Ukraine, Moldova was almost entirely reliant on Russian gas. But a few months into the war, Russia’s energy giant Gazprom sharply cut gas supplies to the country and hiked its prices, citing unpaid debts.

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Despite ending gas purchases from Russia, it still bought large amounts of its energy from Transnistria, which uses Russian gas to generate electricity at the Cuciurgan power plant.

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Further costs are on the horizon, too. Moldova’s government in Chisinau, led by the recently re-elected pro-Western President Maia Sandu, has said it will provide support to residents fleeing from the freezing temperatures and energy shortages in Transnistria.

Chisinau has offered to sell gas and energy to Transnistria, although officials in Tiraspol show little sign of accepting the offer.

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“It’s a problem of costs for the residents of Transnistria,” Nicu Popescu, Moldova’s former foreign minister, told 【 - Free Elite Traders Group 】. “Moldova has been much more prepared for such a situation. Transnistria has not done anything in 30 years to be prepared.”

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Instead, Tiraspol is attempting to pin the crisis on Chisinau. Krasnoselsky has accused Moldova of trying to “strangle” the region and force it to renounce its claims to statehood.

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Kremlin spokesman Dmitry Peskov said on Thursday that the situation is “critical,” but added that “the decisions of Ukraine and the Moldovan authorities” had “deprived” Transnistria of natural gas.

Peskov said some European countries, including Slovakia, still wanted Russia’s “more competitive” supplies. He also criticized the United States for profiting from the crisis, saying it had boosted its costlier gas exports to Europe.

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“Russia doesn’t care much about residents in Transnistria. It has the goal of destabilizing the Moldovan economy, political system and social fabric. It doesn’t care about Transnistrians freezing in winter,” he said.

Ukraine was widely expected to let the agreement lapse, sensing an opportunity to inflict costs on Russia and its allies.

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Pistrinciuc, director of the ISI think tank, said he hoped these narratives did not take hold among Transnistrians. He said the crisis might make some confront what he described as the reality of their situation: “It’s a very isolated region… We hope that they see the impotence of this type of unrecognized state.”

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