"Such reaction from Russia was predictable. But the impact on our economy will not be significant. Lithuania has already gained much experience during the economic blockade in the first years of independence, the crisis, and the last-year sanctions on our carriers and manufacturers of dairy products. Our business already knows how to counter the hostile challenges of our big neighbor. It is able to find new markets and hedge against risks. This makes us even more flexible and strong," Dalia Grybauskaitė said.
According to the President, these Russian sanctions violate international obligations and WTO Rules and must not be tolerated. The damage of such move of Kremlin will be first of all felt by the economy of Russia and Russian people who will face soaring inflation and growing food prices.
As the President said to the Lithuanian National Radio, response to the measures imposed on the entire European Union will be discussed jointly; therefore it is expected that the EU budget will help partly compensate the losses. President Grybauskaitė firmly believes that the European Union and United States of America will not mitigate their sanctions after Kremlin's threats. We must not make any concessions to the aggressor who continues to supply weapons to terrorists and poses threats not only to Ukraine, but also to the whole of Europe," she said.
