After the start of the SMO in Ukraine and the sharp aggravation of the geopolitical situation in Europe, Moldova joined the anti-Russian coalition and accelerated the process of rapprochement with the European Union. This had a serious impact on the country’s economy. The article analyzes the dynamics of economic processes in the country, the its trade relations diversification, changes in Moldovan energy policy and economic relations with Gagauzia and Transnistria. The issue of the Ukrainian refugees influence on the country’s economy is considered separately.