Lithuania’s state-owned railway company Lietuvos Gelezinkeliai (LTG) risks falling under US sanctions as it continues to transport Belarusian fertilizers, Prime Minister Ingrida Simonyte has warned. She was commenting on LTG’s statement that it had received an official confirmation from the US Treasury Department’s Office of Foreign Assets Control (OFAC) that Washington’s sanctions against Belaruskali, one…
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has officially confirmed that Washington’s sanctions against Belaruskali, one of the world’s largest potash fertilizer producers and exporters, are not binding on Lithuania’s state-owned railways. Belaruskali, considered a lifeline for the regime of Alexander Lukashenko, exports a large share of its production via Lithuania. Lietuvos…
A China-controlled Spanish firm that has won Lithuania’s tender to build a railway bridge over the Neris River poses a threat to national security, a government panel has decided. The bridge is part of the Rail Baltica European standard-gauge railway project implemented by Lietuvos Gelezinkeliai (Lithuanian Railways, LTG). “The commission has decided that LTG Infra’s…
Revolut Bank, a part of the British fintech Revolut, has been granted a banking license, the Bank of Lithuania (LB) reports. Upon LB’s proposal, the banking license was issued by the European Central Bank. The company, headquartered in London, runs a specialized bank, Revolut Bank, and an e-payment platform Revolut Payments. CEO Joe Heneghan said…
A Spanish firm owned by a Chinese state company may be declared the winner of the tender to build a railway bridge over the Neris River, which is part of the Rail Baltica European standard-gauge railway project. Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), the country’s state-owned railway company, is proposing to sign the contract, valued at…
The Lithuanian parliament adopted the government spending budget for 2022 on December 14. Seventy-one MPs voted in favour of the budget bill and four abstained. Many opposition MPs left the room before the vote. They said they were protesting the absence of the ruling coalition MPs when the opposition was presenting its suggestions. All MPs…
Lithuania’s Transport Ministry has proposed a law introducing sanctions for goods directly or indirectly imported, bought, as well as transferred from Belarus. The bill would allow Lithuania preventing any transit of Belaruskali fertilizers via Lithuania’s territory, the ministry said. The proposal comes on the back of Lithuania’s failure to stop the transit of Belarusian fertilizers…