News from Latvia Economy
Stay current with all the latest and breaking news about Latvia Economy, compare headlines and perspectives between news sources on stories happening today. In total, 7 stories have been published about Latvia Economy which Ground News has aggregated in the past 3 months.
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Economy · RigaPrime Minister Evika Silina has tasked the Ministries of Transport and Economics with developing a plan for the transport and logistics sector's exit from the Russian and Belarussian markets. An operational management group will be set up to develop scenarios for the sector and make proposals to the council.See the Story
PM tasks ministries with developing plan for transport and logistics sector's exit from Russia and Belarus
Trade · RigaTom Keatinge, Director of the Centre for Financial Crime and Security Studies (CFCS) at the Royal United Services Institute (RUSI), says it would be simpler to stop trade with Russia completely. He also expressed the view that the drafters of the sanctions are clearly short of ideas and the risk is that the form is more important than the content. Keatinges says the biggest mistake was "sitting on its hands" and not making full use of the instruments adopted.See the Story
It would be easier to suspend trade with Russia completely and then decide on exceptions
Europe · United StatesThe U.S. Congress has passed a bill that involves a total of $228 million in military and defense aid to Estonia, Latvia and Lithuania this year under the Baltic Security Initiative, Estonia’s defense officials said Saturday. The U.S. government funding legislation includes military aid to the three Baltic countries, which all are NATO members and neighbors of Russia, that was approved by lawmakers on Friday. “Support from the U.S. has significantly helped Estonia, Latvia and Lithuania fast track several military infrastructure and capability development projects,“ Estonian Defense Minister Hanno Pevkur said in a statement. “The good news is that the support is slightly higher than last year.” “This (financial aid) sends a clear signal that the U.S., the largest ally in NATO, is committed to the security and stability of our region,” he said.See the Story
Washington approves $228 million in US military aid to the three Baltic states, Estonia says
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