IOC decides against stripping late Russian freestyle wrester of 2012 Olympics silverSport October 24, 17:26
LPR blames Kiev for trying to rewrite Minsk accords with help of roadmapWorld October 24, 17:16
Expert calls to increase share of innovative products in Russian economy from 12% to 30%Business & Economy October 24, 16:58
Moscow says West is using mediasphere to stage aggressive anti-Russian campaignsRussian Politics & Diplomacy October 24, 16:50
Novak: Freezing or reducing oil production allows avoiding oil market shortageBusiness & Economy October 24, 16:22
Russian Helicopters to build pilot training center in Peru by end of 2017Military & Defense October 24, 15:57
Russian expert suggests Kiev needs to begin direct talks with DonbassWorld October 24, 15:43
Ankara confirms permits for South Stream will be valid for Turkish Stream as wellBusiness & Economy October 24, 15:40
Russia’s antimonopoly service initiates iPhone7 price audit — regulatorBusiness & Economy October 24, 15:03
RIGA, March 18. /ITAR-TASS/. European Union sanctions against Russia threaten large-scale damage for Latvian freight carriers and their cargo transport links with Russia, said Valdis Trezins, head of Latvian haulage association Latvijas Autozins speaking to Open City magazine.
Trezins noted that Latvian hauliers will be the first to feel the effect of EU sanctions against Russia.
“Sanctions will affect cargo flow at ports. The first signs have been seen in Klaipeda already," Trezins said. "We can feel lower trade activity with Russia. If the situation continues and if it is caused by sanctions, it will be a great shock for us as 70-80% of our transportation is focused on Russia."
“We are witnessing less cargo flows between Latvia and Russia, Latvia and Ukraine as well as transit shipments. Russian cargo owners are less active now,” he added. “It is impossible to forecast how long it will last. Our freight carriers are informing us about emerging problems with rolling stock," Trezins concluded.