Latvia: Russian, Belarusian cars to be banned from staying

Latvia’s Ministry of Justice will propose banning vehicles registered in Russia and Belarus from staying in the country for more than three months, LSM reports. Under the proposed law, owners of Russian and Belarusian vehicles would have to re-register the vehicles in Latvia. Justice Minister Inese Libina-Egnere pointed out that keeping cars with Russian or…

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Estonia: Clevon to delist without buying back minority shares

The Estonian developer of autonomous vehicles, Clevon, plans to delist its shares from the Nasdaq First North stock exchange without taking over the shares of the company’s minority shareholders, ERR reports. Earlier, the loss-making company announced that it would delist and buy out its minority shareholders. However, Clevon has failed to find an investor to…

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Lithuania: Sanctioned luxury cars shipped to Russia via Lithuania

Sanctioned luxury cars are being shipped from EU countries to Russia via Lithuania, LRT’s investigation revealed. The luxury cars are usually purchased in Denmark or Germany and then transported to Russia via Lithuania and Belarus. Russian car dealers are openly advertising the transit route via Lithuania and Belarus. In 2022, the EU banned the sale…

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