At Friday's meeting with Minister of Economy and acting Prime Minister Evaldas Gustas and Minister of Agriculture Virginija Baltraitienė, President Dalia Grybauskaitė noted that Russia had become a completely unreliable and unpredictable business partner.
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.
Estonia and Lithuania have so far failed to agree on how the Baltic power grids are to be synchronized with the Western European system and a memorandum of understanding will not be signed during the EU summit on Thursday, as planned, Lithuanian Energy Minister Žygimantas Vaičiūnas said, adding that this might be done later this year.
The Baltic prime ministers say that their countries are ready for Zapad, a major military exercise to be held jointly by Russia and Belarus in September, and feel safe after NATO partners have deployed additional capabilities in the region.
Two terminals could operate on the eastern coast of the Baltic Sea controlled by the three Baltic states – in Lithuania's Klaipėda and in Estonia, which could build a small terminal, Lithuania's Prime Minister Saulius Skvernelis stated on Friday. In his words, the two terminals would supplement each other along with the Inčukalns gas storage facility in Latvia.
The prime ministers of the three Baltic states are visiting the liquefied natural gas (LNG) terminal in the Lithuanian port city of Klaipėda on Friday as part of the so-called LNG tour that was kicked off in Estonia to provide a platform for the prime ministers to discuss a regional LNG terminal and the possibility to secure European support.