Russian sanctions to shave off 0.2 percent of Lithuanian GDP growth
Friday, August 8, 2014
The growth of the Lithuanian gross domestic product (GDP) may slow down by 0.2 percent in the wake of the Russian sanctions, Lithuania's Economy Minister Evaldas Gustas said after meeting with President Dalia Grybauskaitė on Friday.
The European Union (EU) is considering to address the World Trade Organization (WTO) over the Russia's restrictions on imports of agricultural and food products, EU Ambassador to Russia Vygaudas Ušackas said on Thursday.
The effect of Russia's restrictions on imports of agricultural produce and food products on Lithuania's economy will be small but the country will look for ways to help the business sector, Lithuania's President Dalia Grybauskaitė says.
Lithuanian Agriculture Minister Virginija Baltraitienė says that the country's milk and meat producers would be the most affected by Russia's ban on importing agricultural products from countries that imposed sanctions on Moscow.