Lithuanian prime minister says no VAT cuts

Algirdas Butkevičius
DELFI / Kiril Čachovskij

“We have a consensus that the VAT rate should not be lowered. This is a consumption tax and if some believe that this would provide a boost and would be of great help to processors or producers of agricultural products, it has to be understood that Lithuania is a small and open country and that food products from other countries are imported to our country as well,” he told reporters after meeting with Seimas Speaker Loreta Graužinienė.

There are other ways to respond to Russia‘s latest import ban, Butkevičius said.

Moscow last week imposed restrictions, for one year, on meat, vegetable and fruit, milk and milk product imports from the EU, US and some other countries supporting sanctions against Russia over its policies in Ukraine.

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