Lithuania: cash withdrawals up amid Ukraine war

The central bank of Lithuania says more money is being withdrawn from ATMs in the country, likely in reaction to Russia launching a military operation against Ukraine on February 24.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…

Lithuania: president and PM back swift increase in defense budget

Lithuanian President Gitanas Nauseda backs Defense Minister Arvydas Anusauskas’ proposal to increase the country’s defense budget as quickly as possible. “As the security situation in the region is deteriorating, the president supports the fastest possible increase in the defence budget,” Nauseda’s spokesman Ridas Jasiulionis said. Anusauskas said he would propose to increase Lithuania’s defense budget…