bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 31.10.2014 | Name days: Valts, Rinalds, Rinalda
LatviaLatvia

Minister: Russia responds to sanctions with propaganda about «bad times»

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUFollowing the introduction of sanctions, active propaganda activity was launched in Latvia. This activity has begun spreading misleading information and concerns about «bad times», says Latvian Foreign Minister Edgars Rinkēvičs.

In his interview to Rīta Panorāma programme of LTV, Rinkēvičs claimed that if sanctions against Russia are not strengthened and the conflict in Ukraine escalates to the level of a full-blown war, regional economy can suffer even more. «If the current situation escalates into a full-blown war, there will be many refugees seeking asylum and the regional economy will be damaged badly. Consequences of this may turn out even worse,» – says the minister.

The minister also denies claims that sanctions against Russia will not benefit Latvia in any way and will only harm the country’s economy. He also said the talks about impact on Latvia’s economy are exaggerated. «There is no direct impact on Latvia’s economy […] However, we need to keep in mind that there may be responses to sanctions [from Russia]. We need to keep in mind that there may be different campaigns [against sanctions] in Latvia, that will likely say something like “bad, everything will be bad”,» – said Rinkevics, noting that he has noticed some signs of this.

At the same time, the minister encouraged residents not to over-dramatize the situation, because a lot is being said about potential impact on Latvia’s economy. He also believes that talks about how much sanctions are likely to backfire on the EU, as opposed to having an effect on Russia, is nothing more than empty claims. The minister explained that the belief that EU economy will be impacted is generally cultivated by Russian media, who are not allowed to critically view processes that transpire in their country. This is why they are practically forced to claim sanctions will backfire on the EU.

The minister also said that Latvia and the EU now have an opportunity to reduce their energy dependence on Russia.

Latvian Economy Minister Vyacheslav Dombrovskis has noted in his interview to Rīta Panorāma programme that international sanctions against Russia and Russia’s potential sanctions against Latvia could reduce Latvia’s GDP by 10%. And this is the most pessimistic outlook.

He added that if both sides continue to introduce sanctions against one another, ‘effects of those sanctions will be rather disastrous’. The minister did say that there will be no effect similar to the crisis of 2009. Nevertheless, he added, the potential crisis may still be very serious.

Dombrovskis added that exports of Latvian goods to Russia had declined by 17%-18% this May. The most potentially vulnerable industries in this regard are transit and food production.

Ref: 102.109.109.5783


Leave a reply

  1. mike walsh says:

    Read that again: Have you ever seen a better example of a politician hedging his bets and resorting to gobbledygook so that later he can cherry-pick through this masterful disingenuous playing both sides of the same coin. The peasants will be bewildered but the emperor’s clothes sure look natty.

    Thumb up 0 Thumb down 0

  2. mike walsh says:

    “According to preliminary estimates, these sanctions may cost the bloc up to $133 billion in trade. Volker Treier, the head of German Chamber of Industry and Commerce (DIHK), said earlier that restrictions on trade with Russia have already hit one in four German export companies, with the country’s Committee on Eastern European Economic Relations predicting a loss of 350,000 jobs.

    “To make matters worse for Brussels, Russia supplies about 30 percent of Europe’s gas. Earlier today, the Russian Foreign Ministry warned that stiffer penalties against Russia’s energy sector will drive up European energy prices and hurt the bloc no less than Russia.”

    Thumb up 0 Thumb down 0

    • HJ says:

      Some peoples are prepared to suffer for their principals.

      Let’s see how long Russian people will be prepared to suffer for Mr Putins principles!

      Thumb up 0 Thumb down 0

Unemployment in Europe down by 0.7%

Seasonally adjusted data on employment level in the European Union shows that it was 10.1% this September.

Samsung Galaxy A5 and Galaxy A3 to be made available in Latvia next year

This Friday, October 31st, Samsung Electronics presented Galaxy A5 and Galaxy A3 – the thinnest smartphones in the Galaxy series. Cases of both smartphones are metallic. Both models have 5 mega-pixel cameras and modern social network functions.

Politologist: relations of coalition parties have become more complicated

The situation in the ruling coalition has changed, because there is still no established leader after the Saeima elections, notes politologist Juris Rozenvalds.

People’s confidence around the world currently higher than it was before the crisis

Consumer confidence around the world has reached 98 points in Q3 2014, which is one point higher than it was in the previous period and two points higher than it was at the beginning of the year. This index, which has been demonstrating slow but stable growth since the beginning of 2012, remains higher than it was before the crisis.

Prices on a rise for oatmeal and pasta; prices decline on potatoes

Compared with September, this October there were no changes on prices for the majority of goods sold in Latvia. No changes were observed in 86.4% of all cases. Price increase has been noted in 6.4% of cases and price decline in 7.2% of cases.

Ryanair serviced nearly 15 million passengers in ten years of working in Baltic States

European low-cost airline Ryanair celebrates its tenth anniversary of working in Baltic States this Friday, October 31st. Ryanair started serving flights from Riga International airport to London and Frankfurt in October 2004.

Video: How to paint pumpkin with knife?

People in English-speaking countries and elsewhere will mark the Halloween on Friday, October 31. In this video, you can see how masters of their trade turn a pumpkin in a painting with a little help of a knife.

Latvian Supreme Court declines Harmony’s plea about election results in Latgale

The Supreme Court of Latvia has reviewed the plea submitted by Harmony in regard to complaints related results of 12th Saeima elections in Latgale, asking to have results of elections there be recognized as void. The Supreme Court, however, has declined this plea.

Kaimiņš: I want to bring healthy reason to this country of wonders

Actor and Saeima deputy Artuss Kaimiņš from the Latvian Regional Alliance has decided to work in the government to bring healthy reason to this country of wonders.

Black economy kills Lithuania’s small business in hinterlands

Are Lithuanians not enough entrepreneurial? This is to put it mildly, as the Eurostat statistics has thrown Lithuania in that regard to the very bottom of the EU index of entrepreneurialism - only a meager 9.7% of the compatriots work for themselves. The actual level of the self-employed, some Lithuanian economists insist, is a lot higher, but is overshadowed by black economy.

Straujuma: if Citadele is not sold, someone will have to take responsibility

The government’s decision regarding the sale of Citadele Bank’s shares to an international group of investors, which is represented by Ripplewood Advisers, remains in force. This deal must be carried out within the term set by the European Commission, says Latvian Prime Minister Laimdota Straujuma. She added that the signing of the deal will be carried out once it has been approved by the Board of the Privatization Agency.

Politologist: government formation is more emotional than it has ever been

Emotions flowed in high tides during the government formation process, comments politologist Filips Rajevskis.

Latvian coalition reaches agreement about nearly all committee leaders

Latvian political forces have reached an agreement in regard to nearly all Saeima committee manager posts in the new parliament.

Russia-Ukraine gas deal reached

According to an agreement brokered by the EU, Russia has promised to renew gas supplies to Ukraine from November until March. The deal will also allow countries in Eastern and Central Europe to receive gas through the territory of Ukraine.

Signing of Citadele Bank’s sale contract may be put off

The signing of the contract for the sale of Citadele Bank is under question, said Latvian Economy Minister Vyacheslav Dombrovskis this Thursday, October 30th.

Board of Privatization Agency resigns prior to signing of Citadele Bank’s sale

Chairman of Privatization Agency Ansis Spridzans and Board member Guntis Lausks have left their posts. They are the ones who were supposed to sign the contract on the sale of Citadele Bank this Friday, October 31st.

War in Ukraine: Seven Ukrainian soldiers killed

Although formally the war in Ukraine ended with the September 5 truce, reports on casualties in the war zone in Ukraine's east are still coming almost two months after the agreement was signed.

Six officials leave Latvian Corruption Prevention and Combating Bureau

Six officials have decided to leave Latvian Corruption Prevention and Combating Bureau, including one experienced manager of the bureau’s Corruption Prevention Office Diana Kurpniece.

Retail trade turnover up 3.6% in Latvia

Compared to August, the total turnover of retail trade enterprises in September 2014 dropped by 0.3%.

Stradins Clinical University Hospital now has new medical staff pre-surgery preparation premises

This Wednesday, October 29th, Stradins Clinical University Hospital opened a new interventional radiology laboratory preparation room for hospital personnel, as reported by Paul Stradins Clinical University Hospital’s public relations specialist Lāsma Sīle.

October 30 in pictures

BNN offers you to take a look at topical, interesting and simply beautiful pictures of the day.

Names of alimony avoiders to be published in Latvia

From now on, names of alimony avoiders in Latvia will be made publicly available. This is provided by amendments to the Maintenance Guarantee Fund Law approved by the Saeima this Thursday, October 30th.

Use of ‘spice’ to be charged with administrative liability

From now on, penalties for use of new psychoactive substances will include either a warning or a fine up to EUR 280.

Estonian President shows example in uniting ethnic groups

Society should not divide people living in Estonia in «locals» and «outsiders», and the word «non-Estonian» should not be used, said the country's President Toomas Hendrik Ilves at a naturalisation ceremony this week.

Latvian National Museum of Art celebrates ongoing reconstruction

This Wednesday, October 29th, the main building of the Latvian National Museum of Art on K.Valdemara Street 10a in Riga celebrated the progress of reconstruction of the main roof and its structures.