Lithuania: cash payments capped

Lithuanian lawmakers have tightened the existing rules and capped cash settlements between residents and businesses at 5,000 euros, with changes set to come into force in November. Any payments above the cap will only be allowed in a non-cash form. However, cash payments will still be allowed if one party does not have a bank…

Lithuania: EU Commission to clarify implementation of Kaliningrad transit sanctions

The European Commission will clarify its explanation on the implementation of the EU-sanctioned goods’ transit restrictions between mainland Russia and its Kaliningrad region, Lithuanian President Gitanas Nauseda said on June 23. “I will meet with the European Commission president. I will see the draft and I do believe that clarification will be published soon,” Nauseda…

Lithuania: PM refutes Kaliningrad blockade

Russia’s exclave of Kaliningrad is not under blockade, and transit sanctions only affect a limited list of goods, Lithuania’s Prime Minister Ingrida Simonyte emphasized, rejecting Moscow’s accusations that Vilnius was violating international treaties. “There’s no blockade of Kaliningrad. It’s just that since last weekend, sanctions have come into force on some of the goods included…