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He points out that the plant is being sold together with a valid export certificate to Russia.

According to Vaivars, the plant is in accordance with the highest European standards and is 3,000 m2 in size.

Vaivars also admitted that the plant will continue to work several times a week until it is sold.

As reported, the Latvian dairy and bread producer DK Daugava (Daugava) has completely ceased its operations due to the Russian crisis, while the company's co-owner Aigars Vaivars is selling his farms and bread business, focusing on other sectors – agricultural technology and service rental.

Vaivars told LETA previously that he is selling his cattle farms, as well as his bakery "Serene". The complex, including 400 cattle, is being sold for EUR 875,000, but the bakery – for EUR 485,000.

"This will be a good start for someone who wants to work in this field, as the preferable investment should actually be four, five million, but in this case, the offer is pretty good. Furthermore, the property is not bound to any loans or other financial liabilities," Vaivars said.

"As a matter of fact, agriculture was never my thing, yet I handled this business for 20 years. Now, I wish to radically change my line of work. For now on, I will deal with agricultural technology services. The equipment is still very good, and I have already received several requests," the businessman said.

Vaivars added that he still owns 30% of shares in Daugava, whereas the remaining 70% belong to Russian investors. The company has completely ceased its operations due to the Russian crisis.

"I will keep my stake, however, the company is practically out of work. There was a plan to produce mozzarella cheese, but the anticipated market in Russia has completely stopped," Vaivars admitted.