TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
Russian diplomat urges Western reporters to be unbiased in war news coverageRussian Politics & Diplomacy December 10, 20:08
Russia, Oman enter committee for control over oil production — Iraqi oil ministerBusiness & Economy December 10, 20:07
Iran's oil minister says non-OPEC countries agree to cut oil production by 600,000 barrelsBusiness & Economy December 10, 19:42
Russia, Oman enter committee on controlling oil production created by OPEC - BloombergBusiness & Economy December 10, 17:40
Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
RIGA, March 26. /ITAR-TASS/. Latvia’s government official has expressed the hope the political crisis in Ukraine will not have a serious impact on the republic’s economy.
The crisis can affect such spheres as transit and logistics.
“As it imposes economic sanctions the EU should be aware of their influence upon its members’ economies,” Finance Minister Andris Vilks told Latvian television on Wednesday.
“If Russia blockades our ports, dozens of thousands of people may lose jobs. The EU should react,” he said.
“Economic sanctions can be hardly real. It is difficult to foresee Russia’s response: if it opposes the whole world or confront only some states in several sectors,” Vilks said.
“Once again we are faced with the situation of 1970’s-1980’s.Those who lived during the Cold War times remember it well. A rather long period of confrontation between Russia and the West is due. It is rather difficult to assess the eventual impact on the economy at this point,” he said.