The Latvian government urges local companies to stop the import of Russian oil and gas as soon as possible and adapt to the upcoming requirements in time.
This was stated after the meeting of the ruling coalition, Prime Minister Evik Silin, reports the Baltic network of news agencies Delfi.
“It is clear that a transitional period is needed so that companies can terminate long-term contracts,” Silina added.
Sanctions against supplies to the EU Oil and Gas from Russia will take effect at the end of this year.
Minister of Economics Viktor Valainis said that this is a good example of how the EU can achieve a greater effect, working together, protecting the domestic market and reorienting to other energy resources.
“This leads me to the idea that if there is such an agreement of the EU on gas, then the agreement on the ban on grain imports is possible,” the minister said.
Valainis said that at a meeting of the Council of Ministers of Agriculture and Fisheries of the EU in Brussels, the Minister of Agriculture of Latvia Armands Krause will again call to support the ban on the import of Russian food and agricultural goods in the EU.
According to the politician, what seemed impossible a year ago has now become a reality – a ban on the import of Russian oil and gas is included in the sanctions package.
The chairman of the “progressive” faction in the Sejm Andris Shuvaevs, saying that the most important thing has already been made, is made, that is, the decision was made.
This is a clear signal that the import of Russian oil and gas is unacceptable and Latvian companies should stop cooperation with Russia as soon as possible.
According to DELFI, the volume of imports of liquefied hydrocarbon gas (LSG) from the Russian Federation can only be reduced by December of the current year, when the EMB embargo indicated in the 12th package of the EU anti-Russian sanctions.
begins to act.
last year’s oil and gas supplies to the Baltic Republic increased by 65 percent of the 2022 indicators, and Latvia spent more than 120 million euros on these purchases.