Lithuania: last bank servicing Kaliningrad transit payments asks authorities for clarity

Siauliu Bankas, the last Lithuanian bank accepting Russian payments for Kaliningrad transit services, has called on the government to provide clarity. “Public authorities must state clearly whether transit is a function of interest to the state, or not,” Vytautas Sinius, the CEO of Siauliu Bankas, said. “We are waiting for a clarification from public authorities…

Lithuania: exports to the Indo-Pacific offset drop in trade with China

Growing exports to the Indo-Pacific countries are offsetting a decline in exports to China, the Foreign Ministry has said citing statistics. “Proactive economic diplomacy and the development of a network of diplomatic missions and representatives contribute to the overall goal of diversifying trade and increasing economic resilience. The total volume of Lithuanian exports to the…

Lithuania: Russian coal transit allowed

A ban on transporting Russian coal and solid fuel through the EU came into force on August 10 under the EU’s fifth sanction package. However, the ban is subject to an exception in Lithuania under the European Commission’s clarification. A limited amount of sanctioned products can be transported by rail between mainland Russia and the…