Baltic leaders criticised the US-Russian agreement on Russian diesel fuel supplies. Estonian Prime Minister Kristen Michal said that the agreement was a “major miscalculation,” warning that “deals with dictators are a road to hell,” ERR reported. He insisted that Russian revenues must be stopped and urged the EU to help Ukraine “blast Russia’s oil refineries…
Renewed calls for engagement with Russia do not reflect Europe’s security needs, Lithuanian President Gitanas Nauseda stated, BNS reports. Speaking at the opening of the NATO Parliamentary Assembly’s spring session in the Lithuanian parliament, the Seimas, Nauseda insisted that Russia has to be “contained, not courted.” He reminded that the future of European security was…
Latvian Prime Minister Evika Silina sharply criticised Defence Minister Andris Spruds after drones from Russia crashed in Latvian territory, LETA reported. Silina pointed to the lack of timely warning to local residents about the incoming drones. The government’s EUR 2bn defence budget means that people will expect accountability from the minister, she stated. Silina said…
Lithuania’s GDP will grow by 3% in 2026 and 2.3% in 2027, according to Swedbank’s latest macroeconomic outlook, BNS reports. In January 2026, the bank projected that GDP growth would reach 3.5% in 2026 and 2.5% in 2027. Nerijus Maciulis, Swedbank’s chief economist, said that growth would be spurred by consumption, strong exports, and record…
The Lithuanian government will consider cutting the excise duty on diesel fuel temporarily amid the sudden surge in global oil prices, BNS reports. Under the Finance Ministry’s proposed legislative amendments, the fixed portion of the excise duty rate for standard diesel and marked agricultural diesel would be reduced until 15 June 2026. The move would…
Several Ukrainian strike drones have crashed in the three Baltic States and Finland as Ukraine is attacking Russia’s oil and gas infrastructure, Baltic News and YLE reported. The drones are targeting oil and gas terminals and other infrastructure at Russia’s ports on the Gulf of Finland and the Kirishi oil refinery. One of the stray…
Estonia’s Foreign Minister, Margus Tsahkna, criticised President Alar Karis who suggested helping Hungary pay fines for cancelling oil contracts with Russia, ERR reported. Speaking in an interview with Finnish newspaper Ilta-Sanomat, Karis urged Hungary to end the contracts. Tsahkna insisted that it would be “inconceivable” for states that had freed themselves of dependence on Russian…
French risk management company Coface’s ranking of the 50 largest companies by turnover in the Baltic States in 2024 includes 28 companies in Lithuania, 15 in Estonia, and 7 in Latvia, LETA reports. The top five companies are all from Lithuania: retail holding group Vilniaus Prekyba with a consolidated turnover of EUR 8.02bn in 2024,…
Russia’s use of “shadow fleet” tankers in the Baltic Sea is increasingly dangerous for the region, according to a report from the Military Intelligence Centre (Luurekeskus) of the Estonian Defence Forces (EDF), ERR reports. Restricting the shadow fleet would reduce Russia’s revenues and military capabilities, and greatly improve security in the Baltic Sea region, the…
