There is no point in Lithuania to impose sanctions on Russia and Belarus / day

« We need a regional solution for industry sanctions. If we do not have a regional solution, industry sanctions make no sense, » the Prime Minister told reporters on Thursday.

He added that in such a case, sanctions would be ineffective, to cause economic losses and would not give the desired result.

« Therefore, we need to agree or at least discuss them if there are circumstances when the countries in the region are ready to adopt industry restrictions, » Palucks emphasized.

If the EU does not extend economic sanctions and Lithuania fails to agree with its neighbors on their application, Lithuania will not apply restrictions alone, he confirmed.

On Thursday, the Lithuanian Parliament postponed the planned debate on the government’s proposal to provide national sanctions on Russia and Belarus.

The government supported the bill submitted by the Ministry of Foreign Affairs in early June. It requires parliamentary support to take effect.

The draft law provides for the authorization of the Lithuanian government to impose two types of sanctions: freezing assets and industry restrictions.

In both cases, the government would be set up by the government.

The Ministry of Foreign Affairs has emphasized that « these restrictive measures would only be used in exceptional circumstances, as the ultimate remedy for the EU to suspend sanctions against Russia and Belarus, or if Member States were unable to agree on their extension ».

Vilnius wants other EU countries bordering on Russia and Belarus, thereby, thus making it possible to import goods from aggressor countries into the EU on land, so they are expensive.

If the Seimas approves the submitted bill and does not extend its sanctions, the proposed amendments will come into force in August.

The EU should be sanctioned by consensely agreed, but this time there are fears that Hungary could exercise its veto rights.

Lithuanian President Gitan Nauseda has previously said that the country is ready to impose national economic sanctions if the EU does not extend its sanctions, but has emphasized that EU sanctions are much more effective.

Since February 24, 2022, when Russia began an invasion of Ukraine, the EU has adopted 17 sanctions. Sanctions are against specific persons, economic areas and businesses.

These sanctions are against specific persons and the sectors and companies of the Russian economy.