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“If we look at similar examples, it is likely to have a big impact. Practice shows that our banks and everyone else are simply stopping the settlements, even in euros, ”M. Skkuis told the delfi.lt portal.
According to him, experience also shows that companies, in order to avoid negative effects, in such cases reject purchases from authorized companies.
Tomas Digaitis, a representative of the Lithuanian railways that transport fertilizers to the port of Klaipeda, claims that the US sanctions will affect the transport of potassium fertilizers.
“Our team is currently analyzing OFAC documents, but their spirit is clear: it will certainly affect the transport of potassium fertilizers. Please note that the sanctions apply to the entire supply chain, not just rail. We believe that sanctions will also be reflected in the banking systems, ”T. Digaitis told delfi.lt.
For his part, M. Skuodis argued that in order to maintain a competitive railway business, state aid could be granted to a state railway company.
The United States announced new sanctions against Belarus on Monday to mark the first anniversary of the opposition and the western presidential elections in Belarus in 2020.
A report from the Treasury Department states that 23 natural persons and 21 legal entities are included in the sanctions list, including Belaruskalij.
Chancellor Gabrielius Landsbergis announced last week that Lithuania had formally submitted proposals to Brussels to extend sectoral sanctions on Belarus. According to him, it is possible that Belaruskalij’s exports through the port of Klaipeda were completely stopped.
At the end of June, the European Union imposed sectoral sanctions on Belarus, but they only apply about 20%. export of potash fertilizers traveling through Lithuania and is valid only for recently concluded contracts.
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