Russia’s ban on EU textile companies is unlikely to have a dramatic impact on the Lithuanian textile industry, although it may harm some enterprises that work as subcontractors, according to Lithuania’s vice minister of foreign affairs.
The Ministry of Foreign Affairs and the Lithuanian Apparel and Textile Industry Association (LATIA) held a meeting in the end of August to discuss the potential consequences of the Russia’s sanctions on EU countries and possible support to the most vulnerable companies.
Vice Minister of Foreign Affairs Rolandas Krisciunas promised to help textile companies in search for the new markets and establishing relations with potential partners.
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