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Thursday, 25.04.2024, 16:10
Bloomberg: Baltic export to Russia to decrease one-fifth in 2015
BC, Riga, 24.02.2015.
Print version
Print versionAs a result of sanctions, the volume of exports from the Baltic States to Russia will drop about one-fifth in 2015, according to Bloomberg forecasts, cites LETA.
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The amount of exported goods from the Baltic States to Russia will decrease18-25% this year, which will cost about EUR 690 million to Latvia, Lithuania, and Estonia, Danske Bank forecasts.
Latvia's exports to Russia account to 6.3% of the total export volume, Lithuania's – 4.4%, and Estonia's – 5.5%.
Exports to Russia will be mainly affected by the economic recession in Russia and the falling value of the ruble.
Experts interviewed by Bloomberg forecast that the economic growth of the Baltic States will slow down in 2015, maintaining a 1.3-1.7% growth.
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