Lithuania's gross domestic product could fall by four percent if all exports to Russia came to a halt and some of logistic companies went bankrupt, Prime Minister Algirdas Butkevičius said on Thursday, adding that the likelihood of the worst-case scenario is low.
© DELFI / Tomas Vinickas

"There are various estimates. In the worst-case scenario, which I think is very unlikely, if we had no exports to Russia and our logistic capacities, including storage facilities and transport, were not used, then the effect could be a 4-percent decline of the GDP," he said on the radio Žinių Radijas.

Butkevičius said that Lithuania is not planning to send its officials to Moscow, adding that the country is now looking for alternatives to Russia, such as China.

"At the moment, we are not planning to send officials to Moscow. The Foreign Ministry is working on that, but, as far as I know, we have not been able to establish direct contact with the head of the Russian Customs Department so far," the prime minister said.

"You know perfectly well that economic relations with Russia have improved. We are working with other states. I am planning to meet with the Chinese prime minister in Serbia. The probability (of achieving a breakthrough) is very low, but we need to talk," he said.

Butkevičius said that Lithuania will raise the issue of Russia's tightened checks on Lithuanian trucks at a meeting of EU transport ministers in Brussels on 3 December.

BNS
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