• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 19th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Romanian independent far-right presidential candidate Calin Georgescu poses for a portrait following an interview with Reuters in Izvorani, near Bucharest Romania, December 4, 2024. REUTERS/Andreea Campeanu
Romanian independent far-right presidential candidate Calin Georgescu poses for a portrait following an interview with Reuters in Izvorani, near Bucharest Romania, December 4, 2024. REUTERS/Andreea Campeanu
Romanian independent far-right presidential candidate Calin Georgescu poses for a portrait following an interview with Reuters in Izvorani, near Bucharest Romania, December 4, 2024. REUTERS/Andreea Campeanu
Romanian independent far-right presidential candidate Calin Georgescu poses for a portrait following an interview with Reuters in Izvorani, near Bucharest Romania, December 4, 2024. REUTERS/Andreea Campeanu
Romanian independent far-right presidential candidate Calin Georgescu poses for a portrait following an interview with Reuters in Izvorani, near Bucharest Romania, December 4, 2024. REUTERS/Andreea Campeanu
Romanian independent far-right presidential candidate Calin Georgescu poses for a portrait following an interview with Reuters in Izvorani, near Bucharest Romania, December 4, 2024. REUTERS/Andreea Campeanu
Romanian presidential candidate Calin Georgescu makes statements to the press in Izvorani, Ilfov county, near Bucharest, Romania, November 26, 2024. Inquam Photos/Octav Ganea via REUTERS/File Photo
Romanian presidential candidate Calin Georgescu makes statements to the press in Izvorani, Ilfov county, near Bucharest, Romania, November 26, 2024. Inquam Photos/Octav Ganea via REUTERS/File Photo
Home
Markets
Commodities

Exclusive: Presidential frontrunner Georgescu says he'll bar Ukrainian grain exports via Romania

December 4th, 2024 | 14:22 PM MARKETS Commodities 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Greek crews fight wildfire northwest of Athens for fourth day
Dangote refinery can be global jet fuel supplier, CEO says
Asia's imports of US crude surge, but can't offset Hormuz losses
US gasoline market set for fresh test after near-record stock draws
By Luiza Ilie

Romania's far-right presidential frontrunner said on Wednesday he will bar continued Ukrainian grain exports through Romania and further military aid to Kyiv if elected, and that Bucharest is not obliged to stick to NATO's defence spending commitments.

Speaking to Reuters in an interview ahead of a presidential run-off vote on Sunday, ultranationalist Calin Georgescu also questioned the effectiveness of European Union funding and said Romania's interests would come first should he win.

If Georgescu defeats pro-European centrist Elena Lasconi in the run-off, Romania could become isolated on the West's eastern flank and its key support within NATO for Ukraine against Russia's 2022 invasion could collapse.

Since Russia attacked Ukraine, Romania has helped export millions of tons of Ukrainian grain through its Black Sea port of Constanta, trained Ukrainian fighter pilots and donated a Patriot air defence battery to Kyiv.

All of that will stop should he win, Georgescu said.

"How could I agree to that? It is impossible. Romania and the Romanian people come first."

"It is unimaginable that there be a war next to us in the middle of Europe, so a priority will definitely be that this war in Ukraine must immediately be stopped."

Romania, a European Union and NATO member state, shares a 650-km (400-mile) border with Ukraine and hosts a U.S. ballistic missile defence system and a permanent NATO battle group - which Georgescu said were not among his priorities.

NATO DEFENCE SPENDING PLEDGE 'ULTRA-SECONDARY'

Asked if he backed NATO's unfulfilled pledge that each member state spend 2% of GDP on defence annually, a stance held by U.S. President-elect Donald Trump, whom Georgescu admires, he said: "This is ultra-secondary, I am not even interested."

"The concern of the Romanian people is to be happy. They cannot be happy spending money on other things. If NATO is defensive, then it should remain defensive. I believe one thing - Romania has an obligation to no one."

Romania's Social Democrat-led government has pledged to raise defence spending to 2.5% of economic output.

Georgescu also said he would appoint a prime minister from a parliamentary majority arising from the Dec. 1 parliamentary election. He also said Romanian companies should own a majority in any ventures with foreign investors.

"The decision-making must remain in Romania, not with foreigners. By law any Romanian entrepreneur will have 51% of any deal."

Georgescu has criticised past privatisation of state assets, particularly in the energy sector. Asked how he viewed a Black Sea offshore gas project jointly held by Austria’s OMV Petrom and state gas producer Romgaz - counted on as one of the key alternatives to remaining Russian supplies to Europe, Georgescu said, "I prefer not to see it, but I will from Dec. 9."

In separate remarks on Wednesday, he also questioned the effectiveness of EU funds, which have underpinned economic growth and infrastructure development in Romania, a formerly communist country and one of the EU's poorest members.

"Have European funds helped us? Are we reliant on European funds? This country can't produce? Don't we have other investors? There is money everywhere in this world, let me tell you."

  • Topic
  • Romania
  • ELECTION/PRESIDENT
  • GEORGESCU (UPDATE 2, EXCLUSIVE,PIX,TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Greek crews fight wildfire northwest of Athens for fourth day

Related Posts

Commodities
August 3rd, 2026

Greek crews fight wildfire northwest of Athens for fourth day

Commodities
June 2nd, 2026

Dangote refinery can be global jet fuel supplier, CEO says

Commodities
June 2nd, 2026

Asia's imports of US crude surge, but can't offset Hormuz losses

Commodities
June 1st, 2026

US gasoline market set for fresh test after near-record stock draws

Commodities
June 1st, 2026

China's crude oil imports slump, but it's economics not altruism

Commodities
May 29th, 2026

Mapping the Market: Gold approaches potential crossroads 

The Wire
Aug 19th 1 h ago
Sports

Swiss rider Poncini dies in Manx GP qualifying

Aug 19th 1 h ago
Business

Amazon plans drone delivery expansion to about 500 US local...

Aug 19th 1 h ago
Business

US CFTC seeks comment on compute derivatives as AI demand g...

Aug 19th 1 h ago
Technology

Payments firm Stripe to buy AI developer platform OpenRoute...

Aug 19th 1 h ago
Government

ABC says intimidation by Trump's FCC forced programming cha...

TRENDING ON FINANCETIME
Aug 19th, 2026 Middle East

Mossad director, Syria foreign minister discussed Turkish military deployments before strikes, sources say

Aug 19th, 2026 Middle East

Israeli airstrike kills nine Palestinians at Gaza police station, medics say

Aug 19th, 2026 China

South Korean container ship will test Arctic route to Europe amid Western concern

Aug 19th, 2026 Energy

LG Energy, once fixed on EV batteries, jumps to Plan B

Aug 19th, 2026 Litigation

Indian regulator inspects Pernod plant, collects whisky samples in wider industry probe

Markets-Sectors
ENERGY -0.01%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT