Prenumeratoriai žino daugiau. Prenumerata vos nuo 1,00 Eur!
Išbandyti
2012 07 23

Lithuanian vice-minister: Huge losses for businesses caused by EU sanctions against Belarus - nothing but theoretical speculations

Lithuanian businesses will not incur major loses as a result of EU sanctions against Belarus, as the measures are not aimed at all Belorussian businesses or the society, Lithuania's Foreign Vice-Minister Evaldas Ignatavičius says.
Evaldas Ignatavičius
Evaldas Ignatavičius / URM nuotr.

He dismissed the recent statements about billions of litas in losses as "inflicted theoretical speculations," emphasizing he saw no reasons for an economic war between the EU and Belarus.

"Restrictive measures have been applied against 32 Belorussian companies and three businessmen. The EU does not plan any large-scale economic sanctions against Belarus – the applied measures are not aimed at all businesses and the society of Belarus," the vice-minister said in an interview to the Lietuvos Žinios daily.

"The statements about the billions in losses cannot come from the context and highly resemble the theoretical speculations that are inflicted against us. Bilateral turnover of goods and services has been estimated at billions of litas over past years, therefore, the billions of litas in losses would only be possible amid full economic EU-Belorussian war; however, I see no reasons for this," Ignatavičius said.

In his words, EU practice does not envisage compensation of damages incurred in the wake of sanctions.

"Should member-states or business entities be able to demand compensations, measures against Iran, North Korea, Zimbabwe, or other countries engaged in politics inconsistent with international commitments would have never been introduced," the diplomat said.

"I am convinced that our businessmen are truly literate in the broad sense of the word and, when making contacts with foreign companies, they consider the political context and related risks. The Foreign Ministry never leaves businesses in trouble. The ministry and missions abroad issue warnings on a regular basis about possible threats," said Ignatavičius.

The restrictions against representatives of the regime of Belorussian President Alexander Lukashenko and a few dozen companies were introduced by the EU in response to the repressions started by Minsk in the wake of the wave of protests in the end of 2010. During the discussion of sanctions, Lithuanian businesses said the severe measures could lead to extensive losses.

Report mistake

Successfully sent

Thank you

Economy

Lithuanian producers of EPS on the way to circular economy
Gilužio Rivjera by the real estate company Homa – hundreds of apartments and millions in investment
Capitalica fund successfully issued bonds amounting to EUR 5 million to finance the Verde project in Riga

Feature

State Progress Strategy 'Lithuania 2050': will Lithuania become the 'Silicon Valley' of social enterprise?
Citus Experts: Planning to Furbish or Brush Up your Home Interior? Get Ready for a Brutal Run
How do the country's most desirable employers nurture IT talents?

Opinion

Ramūnas Vilpišauskas. The president’s achievements in Brussels were modest
Laurynas Jonavičius. Will the new German government’s foreign policy coincide with Lithuanian interests?
Eastern Partnership ‘beyond westlessness’: a new momentum for the European integration

Politics

Taiwanese Minister Ming-hsin Kung – about Lithuania’s strengths and the two countries’ looming plans
The double standards of “values-based policy”: Lithuania did not join the condemnation of Turkey
Behind the scenes of ambassadorial appointments: Seimas looking for clarification on continuing questioning at the Presidential Palace