Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
RIGA, March 13. /ITAR-TASS/. Possible European Union sanctions against Russia will have an adverse effect on the Latvian economy, Latvian Minister of Economic Affairs Vyacheslav Dombrovsky told national television on Thursday.
“Three sectors will suffer a noticeable impact. Agriculture and foods will be first,” said the minister. “Russia is our second-largest partner by exports. Foods and produce account for 43% of Latvian exports to Russia.”
Energy was also vulnerable as Latvia depended entirely on Russian gas supplies, Dombrovsky said, adding that 70% of all transit movement was connected with Russia, Dombrovsky said.
“I do not think I am exaggerating in saying that among all EU countries, Latvia has the largest niche of its economy taken by relations with Russia,” said the minister. “If the sanctions are imposed, we shall be most affected by their consequences among EU countries," Dombrovsky concluded.