Lithuania’s energy dependence on Russia is one of the highest among the European countries, as it paid over 3 billion euros for Russian oil, gas and electricity last year. But Lithuania could easily renounce Russian gas and electricity, according to analysts. However, it would be more difficult to do the same with oil because the…
The Lithuanian Post (Lietuvos Pastas), Lithuania’s state-owned postal company, and PayPost, its network of financial services, have suspended the service of money transfers to and from Russia and Belarus. It will also suspend commercial, i.e. business customers’ parcel service to those countries on March 2. “We have decided to stop commercial shipments to Russia and…
On February 28, the Lithuanian government is set to approve medical and military assistance to Ukraine, worth around 4 million euros, to fight the ongoing Russian invasion. The support will come from the state reserve and the health ministry reserve. It will include medication, facemasks, surgical kits, bandages, surgery gowns, various kits to stop bleeding…
People in Lithuania have already donated almost 2 million euros to Blue/Yellow, a non-governmental organization supporting the Ukrainian army, its head Jonas Ohman has said. “2 million euros – I am gobsmacked. What can I say? I have no words. I am gobsmacked, happy and determined. We are now starting to distribute resources differently than…
Several Lithuanian supermarket chains have announced they will stop stocking Russian products, a reaction to Moscow’s invasion of Ukraine. Industry representatives say they would be hard-pressed if they had to give up raw materials from Russia. Norfa is one of the supermarket chains in Lithuania that has decided to give up importing Russian products. “We…
The central bank of Lithuania says more money is being withdrawn from ATMs in the country, likely in reaction to Russia launching a military operation against Ukraine on February 24. “As geopolitical tensions rise in the region, cash demand in Lithuania has increased slightly. We would like to underline, however, that money circulation in Lithuania…
The Lithuanian fintech company Paysera has halted transfers to and from Russia. The decision was made in solidarity with Ukraine and to reduce risks from the Russian market. The company will no longer process transactions in Russian rubles, close its Russian clients’ accounts and restrict money transfers to and from Russian and Belarusian banks, it…