Business Latvia Russia

Trade between Latvia and Russia will drop by 30-40 percent

By The Baltic Review November 6, 2015

Trade between Latvia and Russia will drop by 30-40 percent

Russian Ambassador to Latvia Alexander Veshnyakov

Sanctions are a double-edged sword

Trade between Latvia and Russia in 2015 will drop by 30-40 percent due to the imposition of EU sanctions against Russia and Moscow’s reciprocal response, says Russian Ambassador to Latvia Alexander Veshnyakov.

“Our traditional partners are suffering, this includes Latvia, too. Our trade with Latvia had quadrupled over the last seven years from $3 billion in 2007 to $13 billion in 2014,” said Veshnyakov in an interview with LR4 Latvian Radio.

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