Latvia names about 170 companies still dealing with Russia and Belarus
Latvia has begun publishing the names of companies that continue to trade with Russia and Belarus, with around 170 businesses included in the first list, Latvian public broadcaster LSM reported.
Latvia has released a list of approximately 170 companies that continue to engage in trade with Russia and Belarus. The Central Statistical Bureau of Latvia published the data for the first time on August 20, identifying businesses that export goods to the two countries or import products from them. This information was previously inaccessible due to confidentiality restrictions on tax data.
The decision to make this information public was approved by Latvia's parliament, the Saeima, in June. The move aimed to support Ukraine in its struggle against Russian aggression and decrease financial transactions with the budgets of the aggressor states. The initial list, compiled using July data, comprises around 170 firms, including pharmaceutical company Grindeks, textile manufacturer Lauma Fabrics, chemical plant Biolars, pharmaceutical company Olpha, and several others.
Grindeks has commented that it is working to redirect its exports to alternative markets, but acknowledged that transitioning to new destinations is a time-consuming process within the pharmaceutical industry.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
