"We expect our reserves to remain above a billion euros at the end of the year," Sapoka told LRT Radio. "I think this is a good result as having to be ready for other scenarios, too, because it's unclear how the pandemic might develop."

"If an outbreak of the virus occurred, we would certainly be capable of solving that financially," the minister said.

"As to a lockdown like the one we had in the spring, I don't think that could be done now, because we know more about the virus and measures to control it," he added. "I do hope there'll be no such quarantine."

In a bid to stem the spread of the novel coronavirus, the government introduced a nationwide lockdown on March 16, closing Lithuania's borders and imposing restrictions on trade and services. It started to gradually ease the restriction in the second half of April.

A financial assistance package was approved to mitigate the effects of these measures on businesses and private individuals.

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