After the European Commission published new guidelines on the Kaliningrad transit, which allowed for the transportation of sanctioned goods by rail through Lithuania, the EC said that Vilnius did everything correctly, given the information it had. “Regarding the clarification, it is a technical change, there is no change in position – our recommendations are in…
With Lithuania recording one of the highest inflation rates in the euro zone, Finance Minister Gintare Skaiste says it is because the country’s economy has avoided a significant downturn during the pandemic. “During the pandemic, Lithuania’s economy, like of the other Baltic States, was relatively less affected than the other European Union countries,” Skaiste has…
As part of the implementation of EU sanctions, 34 freight vehicles were refused entry from Russia to Lithuania on July 11. Long queues of trucks are also forming at Lithuania’s border with Russia, as the restrictions gradually cover more and more goods bound for Kaliningrad. Freight vehicles are also queuing at the border with Belarus,…
The ICC International Court of Arbitration has refused to hear a lawsuit filed by Russia’s Fund for Protection of Investors’ Rights in Foreign States against Lithuania on more than 1 billion euros in damages over the nationalisation of the Snoras bank. The bank collapsed in 2011 and the Lithuanian government nationalised its shares from its…
Lithuania’s Economy and Innovation Ministry held a conference in Vilnius on July 12 to bring together politicians and representatives of the business and expert community to discuss plans of rebuilding Ukraine. Economy and Innovation Minister Ausrine Armonaite says Lithuania can demonstrate leadership to the whole world by providing not only military and political assistance to…
Only 15% of all goods transiting Lithuania to Russia’s exclave of Kaliningrad are affected by sanctions, Lithuanian Railways (LTG) said on July 11. “Out of this volume, ferrous metals comprised up to 9% of the total transit cargo traffic between mainland Russia and Kaliningrad, cement accounted for 3%, alcohol products – 1.4% and timber products…
A Bayraktar drone crowdfunded by people in Lithuania has already been delivered to Ukraine, Lithuanian Defence Minister Arvydas Anusauskas has said. “The Ukrainians have announced that they have received the Bayraktar Hawk from us,” Anusauskas said in a Facebook post on July 8. Crowdfunded during a campaign by Laisves TV and Andrius Tapinas, the drone…