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“The state has to help and it will really help, we are looking for those tools (…) both in the search for other markets and for financial instruments that some companies may need, for example, for certain payment schemes that have been established,” BNS said on Friday.
“We really do that, we just need to be very clear about what those weak points are and for whom that tool is best suited, but yes, we are working in that direction,” he said.
However, the prime minister added that “taxpayers should not finance the risks” that arise when some companies decide to work in geopolitically risky markets.
Relations between Vilnius and Beijing have recently started to deteriorate due to Lithuania’s growing ties with Taiwan. China views Taiwan as a rogue province.
The turning point was Vilnius’s decision to allow Taiwan to open a trade representative office on its behalf.
As a result, Beijing called its ambassador for consultations in August and ordered Lithuania to do the same.
China has also recently taken steps to stop freight trains to Lithuania, issue food export permits, lower credit limits for Lithuanian companies and raise prices.
Furthermore, some Lithuanian companies working with China have informed the country’s authorities that their partners in China will not renew or conclude new agreements once relations between the countries have weakened.
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