Since early 2015 Lithuanian export to Belarus decreased by 25%

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Due to the deterioration in the Russian economy, exporters’ revenues are falling not only in Lithuania but also in the markets of Belarus and Ukraine, Delfi quotes the Minister of Economy of Lithuania.

“There is a decline in exports to Belarus and Ukraine. It’s connected not only with embargoed goods (Russian embargo on food from the EU and other countries), but also with the general economic situation in Russia,” said Lithuanian Minister of Economy Evaldas Gustas on a conservative faction meeting in the Seimas of Lithuania.

“Recently, the IMF has announced that this year’s the GDP growth will be negative not only in Russia but also in Belarus and Ukraine,” specified the Minister.

According to Gustas, for the first two months the Lithuanian export to Russia has fallen by 37%, to Belarus and Ukraine – by 25% and 20%, respectively. The Minister said the situation should stabilize.

“The tendency gives us to understand that the major decline has already occurred. This situation seems to stabilize in the end,” he added.

Let us remind that Belarusian Ambassador to Lithuania Alexander Korol in an interview with TUT.BY in March, 2015, said that in 2014 the Lithuanian import to Belarus amounted only to $365m, which is 3 times less than the Belarusian export amount. “We export food, industrial goods, wood products, a lot of packaging, plastics,” highlighted Gustas. By the way, the figure of $365m reflects the volume of products produced and delivered from Lithuania. According to the Lithuanian statistics, their delivery volume, including the re-exported goods, is 1.13 billion euros ($1.22 billion – ed).

Text by TUT.BY

Pictures by DELFI