Recent global economic shifts stem from the pandemic and Eastern Europe's crisis; Moldova's proximity to Ukraine intensifies these impacts. The aim of the paper is to analyze the effects and policy responses adopted by the authorities of the Republic of Moldova as a result of the Ukrainian crisis emergence, and to define potential policy recommendations. The data used for the paper are official sources and open market data. The methodology is mixed and mainly based on analysis and synthesis. Analysis findings suggest that monetary and fiscal authorities are not the main actors in the current circumstances, but act as supporters of wider national policies, but based on deep knowledge of economic interlinkages and the ability to holistic view, have to play an important role in shaping crisis management actions