Posts published in Day: November 8, 2018

Russia, facing more U.S. sanctions, seeks to de-dollarise its economy

Thursday, November 8, 2018

The Russian government seeks to turn its back on the U.S. dollar in its economy, while the U.S. plans serious new sanctions that could cut Russia’s access to foreign debt markets. French news agency AFP reported on Tuesday, November 6, that Washington announced that it was preparing new sanctions against Moscow over the Skripal poisoning in Britain, after August sanctions made the ruble fell to its lowest level against the…

Lithuania: Karbauskis’ firm buys fertilizers from Russian under intl sanctions

Thursday, November 8, 2018

Agrokoncernas, a company owned by Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union (LFGU), imports fertilizers from Minudobreniya, a Russian company whose majority shareholder is under international sanctions, according to the Lithuanian Radio and Television (LRT) information LETA/BNS reported on Thursday. According to the public broadcaster, Agrokoncernas imports fertilizers not only from the Russian fertilizer producers Phos Agro and Acron, but also from Russian President Vladimir Putin’s…

Klaipeda councilor to attend economic forum in Crimea

Thursday, November 8, 2018

Viaceslav Titov, a member of the City Council of Klaipeda, plans to attend next year’s Yalta International Economic Forum in Crimea, informs LETA/BNS. “There was an invitation. Since I was invited, I may possibly go there,” the politician, who represents the Union of Russians in Lithuania, told. “I want to see with my own eyes and talk to people about what is happening there and what economic potential there is. This may be useful for…

Trump sees midterm elections as victory, removes Attorney General from office

Thursday, November 8, 2018

U.S. President Donald Trump has evaluated positively the outcome of the midterm elections, but has stated that U.S. federal Attorney General would be replaced. American news agency AP reports on Thursday, November 8, that according to preliminary results of the Congress election, Trump’s Republican Party has strengthened its majority in the Senate, while the majority of the House of Representatives has been gained by the Democratic Party. The U.S. President…

Successful cooperation discussed at the Baltic-Korea political consultations

Thursday, November 8, 2018

On Friday, Vilnius hosted the third political consultation between the Baltic States and the Republic of Korea (South Korea). The parties addressed the topics of bilateral cooperation, developments and security policy issues in Asia and Europe, as well as cooperation for tackling global problems, LETA was informed by the Foreign Ministry. The parties discussed the ongoing cooperation between the Baltic States and South Korea, as well as prospects for cooperation…

London blames EU of Brexit bias, denies support to EU aid fund

Thursday, November 8, 2018

The British government has refused to support the budget of an development aid fund of the European Union, which totalls 30 billion euros, but has instead blamed the European Commission of biased attitude against UK-based organisations the country’s leaving the bloc. British news portal The Guardian wrote on Tuesday, November 6, that London issued a statement accusing the commission of failing to offer the best value for money for European…

Latvian president nominates NCP leader Jānis Bordāns for the post of prime minister

Thursday, November 8, 2018

Latvian President Raimonds Vējonis has decided to entrust the formation of the government of the Republic of Latvia to New Conservative Party’s candidate Jānis Bordāns. The president invited him to form a new government within two weeks and secure majority support for it. If no agreement is reached by 21 November, the president will pick someone else to form the government. NCP was third during Saeima elections. The party has…

EU’s centre-right parties vote on leader for Europarliament election

Thursday, November 8, 2018

The leading political force of the European Parliament (EP), the European People’s Party, is on Thursday, November 8, convening to decide on its candidate to head the European Commission after the EP elections of spring 2019. British news portal The Guardian, reported that the electorate, composed of 700 delegates from Europe’s centre-right parties, will be selecting between two male politicians. The favourite is Manfred Weber, a German MEP, who leads…

Latvian Saeima to decide on election of deputies to committees on 20 November

Thursday, November 8, 2018

Latvian parliament plans to elect deputies to different committees on 20 November, as confirmed by the Saeima Praesidium and Faction Council at a meeting on 8 November. During the meeting, participants also supported a legislative draft regarding rules for the formation of Saeima committees. Saeima plans to approve this legislative draft during the meeting on 13 November. Once this is done, deputies will have to submit candidates for committees to…

Lithuanian exports to China have the highest political support

Thursday, November 8, 2018

President Dalia Grybauskaitė met with Chinese President Xi Jinping to outline new guidelines for bilateral economic cooperation at the highest political level. The bilateral meeting took place in Shanghai, where the First China International Import Expo is currently held. As China prepares to open its huge market and ease restrictions on foreign imports, the two presidents focused on the emerging opportunities for Lithuanian businesses to boost their exports to Chinese…