‘It is a fact – Latvian companies that export goods to Ukraine are already suffering losses,’ – says Chairman of Latvian Chamber for Commerce and Industry Jānis Endziņš.
He admits the situation in Ukraine is complicated and makes cooperation with Ukrainian and Russian companies very complicated.
‘Many partners of LCCI have noted that demand for their goods in Ukraine has decreased. The same applies to revenue from supplies,’ – said Endziņš.
At the same time the head of LCCI notes that Latvian exporters have understood a long time ago that foreign trade has to be differentiated and that the country’s largest export share should not be diverted to a single country.
‘Our exporters work in at least 17 countries in the world, which allows them to flexibly switch between priority markets or seek new partners if something happens,’ – says Endziņš.
As previously reported, last Saturday, Russia’ parliament had approved President Vladimir Putin’s request to use Russia’s military forces in Ukraine.
Source: Baltic News Network
http://bnn-news.com/latvian-companies-exporting-ukraine-suffer-losses-110878
See also: Estonian businesses in Ukraine worried - http://balticbusinessnews.com/article/2014/3/4/estonian-businesses-in-ukraine-worried