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Economy

Economists warn Russia’s new restrictions might affect Lithuania’s entire economy

If stepped-up checks of Lithuanian trucks at the Russian border remain in place for an extended period of time, Lithuania’s transport sector would suffer substantial losses, which may hit hard the entire national economy, the economists have warned, adding that new Russia’s restrictions will undermine Lithuania’s competitive edge in the region, as far as re-exports of goods from the West to Russia are concerned. […]

Linas Linkevičius
European Union

Lithuanian foreign minister: EU supports internal reforms in Ukraine

On 17 November in Brussels, the EU’s Foreign Affairs Council meeting addressed the situation in Ukraine. The ministers discussed the tense security situation in eastern Ukraine, raised the question of extending EU sanctions on Russia and called for the immediate implementation of internal reforms in Ukraine, the Lithuanian MFA informs. […]

Economy

Lithuania asks EU for EUR 32m support to its milk producers

Agriculture Minister Virginija Baltraitienė will on Monday remind Brussels of Lithuania’s request for approximately 110 million litas (EUR 32m) for the country’s dairy sector to compensate for losses sustained due to Russia’s sanctions. […]

Vygaudas Ušackas
European Union

EU’s Ambassador Ušackas: Sanctions against Russia may be reviewed in light of eastern Ukraine situation

The European Union (EU) may revise its sanctions on Russia in the light of Moscow’s conduct in eastern Ukraine where separatists held elections on Sunday, the EU’s Ambassador to Russia Vygaudas Ušackas said in Lithuania on Monday. […]

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Uncategorized

Putin backs down and… wins?

Russian forces are withdrawing from the Ukrainian border. Pro-Russian separatists are putting down their arms. There are reports about Russia re-opening some of its markets to Western production. All this has sparked discussions about Moscow backing down from confrontation with the West. […]