UN secretary-general offers Lavrov condolences on Churkin’s deathWorld February 21, 19:53
OPEC does not see problems regarding growth of Russian oil exportBusiness & Economy February 21, 19:46
Kremlin to bake 100,000 pancakes for MaslenitsaSociety & Culture February 21, 19:23
Production of Mercedes Benz cars to start in Russia in 2019Business & Economy February 21, 18:43
UN Security Council holds a minute of silence in memory of Russia’s deceased envoyWorld February 21, 18:30
Russia and US might launch joint operations against terrorists in Raqqa — ministerWorld February 21, 18:17
Ankara’s talks with Moscow over purchase of S-400 go on positivelyMilitary & Defense February 21, 18:07
Russia's Autovaz starts Lada Vesta sales in GermanyBusiness & Economy February 21, 17:31
Syrian opposition’s Moscow Group to take part in Geneva talksWorld February 21, 17:21
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.