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GDP would suffer 10% reduction if Russia terminated all agreements with Latvia
BC, Riga, 18.08.2014.
Print version
Print versionIf Russia decided to terminate all of its agreements with Latvia, including on energy supply, Latvia's gross domestic product would suffer a 10% reduction, Prime Minister Laimdota Straujuma (Unity) said in an interview with Latvian State Radio today, cites LETA.
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"It could cost us 10% of GDP. The most important things, of course, are transit and energy market," Straujuma said.
She admitted that the current amount of gas reserves in Latvia would suffice "for some time", and there are alternative gas supplies already available today – by using the Klaipeda terminal, which is very expensive though.
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