Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
RIGA, March 25. /ITAR-TASS/. Latvia’s industry experiences the effects of the conflict between Russia and Ukraine, says Laimdota Straujuma, the country’s Prime Minister.
Representatives of Latvia’s food industry, in particular, fish processing enterprises that export up to 20% of their produce to Russia, begin to search for other markets, says Straujuma.
“Therefore, it is not ruled out that our industry will have to retarget its exports not over sanctions, but simply because we find ourselves in such an economic situation,” she said.
In the event of escalation of tensions around Ukraine, the European Union might impose sanctions against Russia, she said, adding that these would be economic sanctions embracing four sectors - arms trade, energy, trade and finances.
“Our government has already considered concrete risks for our economy. I spoke of these risks at the Council of the European Union,” Straujuma said. “Energy is the most difficult issue for us. If sanctions are imposed, we, possibly, will need the EU support.”
On March 18, Russia signed the agreement on the accession of the Republic of Crimea and Sevastopol, what caused retaliatory sanctions from the United States and the European Union.