Latvia: Ban on books, newspapers from Russia, Belarus

The Latvian parliament, the Saeima, has passed amendments banning the import of certain industrial goods from Russia and Belarus, LETA reports. The amendments ban the import of books, newspapers, video games, sporting goods, toys, clothing, and footwear either directly or indirectly from Russia and Belarus. Transit shipments of such goods to other countries will not…

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Baltic: Sanctions shutter Russian-owned supermarkets

New EU sanctions have forced the Russian-owned supermarket chain, Mere, to close down its discount stores in Latvia and Lithuania, LETA reports. The EU’s latest package of sanctions against Russia lists the companies operating the Mere chain, and their majority owner, Russian businessman Sergey Shnayder. They were sanctioned for supporting activities that undermine Ukraine’s territorial…

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Latvia: President turns to state security over Luminor sale

Latvian President Edgars Rinkevics has turned to the State Security Service (VDD) over Hungarian banking group OTP Bank’s plan to acquire the Baltic banking group, Luminor Bank, LSM reports. He noted that the statement of intent on the possible acquisition was just the start of the process, adding that regulatory approval for the deal would…

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Lithuania: Central bank questions OTP Bank’s Russia operations

Hungarian banking group OTP Bank’s operations in Russia raise “legitimate questions” about its ​planned acquisition of the Baltic banking group, Luminor Bank, Lithuania’s central bank, the Bank of Lithuania, stated, Reuters reports. Earlier, OTP Bank announced that it had signed an agreement to buy Estonia-based Luminor. The Bank of Lithuania said that the European Central…

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Estonia: New plans to reduce alcohol consumption

An interagency commission of the Estonian government has proposed several measures to reduce the consumption of alcohol in the country, ERR reports. The commission has published a framework plan for Estonia’s alcohol policy for 2026-2035. The document calls for raising the alcohol excise tax, shortening retail alcohol sales hours, reducing the number of licensed outlets,…

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Latvia: No residence permits for Russian, Belarusian investors

The Latvian parliament, the Saeima, has passed amendments blocking investors from Russia and Belarus from obtaining temporary residence permits in Latvia, LETA reports. The amendments close a legal loophole that allowed Russian and Belarusian investors to obtain residence permits through an investment programme for alternative investment fund managers. Meanwhile, a parliamentary commission recommended setting quotas…

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Lithuania: President signs public broadcaster law

Lithuanian President Gitanas Nauseda has signed into law amendments to legislation governing the country’s public broadcaster, Lithuanian National Radio and Television (LRT), BNS reports. The changes will create a new board of directors for LRT, expand the company’s governing council, and establish fixed terms for council members and increase their powers. Also, the amendments will…

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